XRP News Today: XRP's Chart Patterns Signal Looming Breakout at $5.85

XRP has become a focal point in the cryptocurrency market as technical indicators suggest a potential breakout phase. Prominent analyst Dark Defender has drawn attention to multiple overlapping bullish patterns that point to a strong upward trajectory for the asset. According to his analysis, the XRP price is nearing the completion of a Cup and Handle formation on the weekly chart, signaling a critical juncture in its consolidation phase. The “cup” portion was completed after months of sideways movement, and the “handle” is currently forming as a final corrective dip before a breakout is expected [1].

Dark Defender also highlighted that the Cup and Handle pattern is being reinforced by Elliott Wave theory. The analyst noted that an ABC correction within the handle appears to have completed, further validating the potential for an upward move. XRP has maintained price action above the $2.85 level, a key Fibonacci retracement support, which strengthens the case for a breakout [2]. If the pattern completes as expected, the target for XRP could reach as high as $5.85, aligning with the 261.8% Fibonacci extension level [1].

In addition to the Cup and Handle setup, Dark Defender pointed to a recurring Bull Flag pattern that historically has signaled continuation moves. This pattern, last seen in late 2024, led to a successful rally from $1.13 to $2.40. Currently, XRP is consolidating just above $3, with key support levels at $3 and $2.85. Holding above these levels could confirm the Bull Flag and set the stage for another leg higher [1]. The analyst emphasized that the convergence of multiple technical frameworks—whether through the Cup and Handle, historical setups, or Elliott Wave analysis—points to the same bullish outcome [1].

Fibonacci extensions further refine potential targets for XRP. If the Bull Flag pattern plays out as expected, the next upside markers would be at $3.35 (70.2%), $4.39 (161.8%), and ultimately $5.85 (261.8%). Dark Defender’s analysis underscores that as long as XRP holds above $2.85, the fifth wave target of $4.39 remains intact [2]. This level is critical because it acts as a threshold for continuation, and a breakdown could invalidate the bullish projection [2].

The alignment of these patterns—Cup and Handle, Bull Flag, and Elliott Wave—has created a strong consensus among technical analysts that XRP may be entering a new phase of growth. With price action showing resilience and multiple methodologies converging on similar outcomes, the market is closely watching for confirmation at key support levels [3]. If XRP sustains its position above $2.85, the next phase of its price movement could be one of the most significant in recent history [1].

Source: [1] Mitrade Insights (https://www.mitrade.com/insights/news/live-news/article-3-1067565-20250826) [2] TimesTabloid (https://timestabloid.com/dark-defender-says-as-long-as-this-level-is-maintained-xrp-is-ready-for-4-39/) [3] BlockNews (https://cryptorank.io/news/feed/6cdc6-xrp-charts-align-cup-and-handle-bull-flag-and-fibonacci-all-signal-breakout-toward-5-85)