XRP News Today: XRP Cup-and-Handle Pattern Emerges as $9 Billion Futures Surge and ETFs Boost Demand

XRP’s price trajectory has drawn renewed attention from market analysts following the formation of a bullish cup-and-handle pattern, which could propel the cryptocurrency toward $5.20. This technical setup, identified by community and independent analysts, suggests a potential breakout from current levels, with key resistance at $3.64 and support near $2.6470 acting as critical benchmarks [1]. The pattern emerged after XRP reached a low of $1.6173 in April and surged to a peak of $3.6552, followed by a consolidation phase above key moving averages [1]. Analysts like Steph_iscrypto emphasize that maintaining above $2.6470 is essential to validate the pattern’s continuation [1].

Market dynamics further underscore the potential for upward momentum. Futures open interest for XRP has surged to $9 billion, more than double June’s $4 billion, indicating heightened speculative activity [1]. A positive turn in the futures weighted funding rate since June also signals growing expectations for higher prices. Institutional demand is evident in derivatives-based ETFs such as Teucrium’s XXRP and ProShares’ UXRP, which have attracted $383 million and $95 million in assets, respectively [1]. These developments align with broader trends, including the rise of Ripple’s RLUSD stablecoin, which has accumulated over $550 million in assets, narrowing the gap with PayPal’s PYUSD [1].

Technical indicators support the $5.20 target. A lower low in the stochastic RSI, combined with the pattern’s structure, strengthens the case for a rally [2]. Community analyst Zach Rector projects a short-term move to $4–$5, which could occur “any day now” as technical strength persists [1]. However, analysts caution that the pattern’s validity depends on XRP holding above critical support levels and avoiding breakdowns that could invalidate the setup [1].

While Ripple Labs, Inc., has not commented on the pattern, its leadership—led by Brad Garlinghouse and David Schwartz—remains central to XRP’s ecosystem development [1]. The price action coincides with speculation about potential ETF approvals, including BlackRock’s rumored interest in an XRP-focused product [3]. Such developments could amplify demand but also introduce volatility.

The recent three-day rally to $3.25 has solidified the cup-and-handle formation, though temporary profit-taking pushed the price to $3.28 [3]. Market participants are advised to monitor volume and price action for confirmation of the pattern’s longevity [1]. Despite the optimistic projections, analysts stress that the $5.20 target remains speculative, relying on technical analysis rather than fundamental protocol changes [1].

Sources:

[1] [XRP price path to $5.20 gets clearer as cup-and-handle forms](https://crypto.news/xrp-price-path-to-5-20-gets-clearer-as-cup-and-handle-forms/)

[2] [Instagram video by Lisa Ward Green](https://www.instagram.com/reel/DMnJCrBNA9Y/)

[3] [Crypto Weekly Recap: BlackRock Eyes XRP ETF; Goldman...](https://www.banklesstimes.com/articles/2025/07/27/crypto-weekly-recap-blackrock-eyes-xrp-etf-goldman-bny-tokenize-7-1t-funds-pepe-quant-jasmy-flash-explosive-altcoin-moves-july-20-26-2025/)