XRP News Today: XRP's Cup-and-Handle Pattern Nears Breakout Eyes $5.60–$7 on 92% Rally and Institutional Adoption

XRP has re-entered the spotlight with renewed bullish momentum as a classic cup-and-handle pattern appears to be forming on its weekly chart. Prominent trader CryptoBull highlighted this development on X, noting that the pattern’s confirmation could propel XRP above $7 [1]. The structure, a widely recognized technical indicator in both traditional and crypto markets, typically signals a continuation of an upward trend once a breakout occurs. Current price action on Bitstamp shows XRP forming a rounded bottom from late 2024 through mid-2025, with a sharp rebound from $1.80 in April creating the "cup." Recent consolidation below $3.40 has defined the "handle," positioning the token for a potential breakout [2].

Technical analysis underscores the pattern’s predictive power. A confirmed breakout from the handle, accompanied by rising volume, would trigger a measured move where the cup’s depth ($1.80 to $3.40) is added to the breakout level, projecting a target of $5.60 [3]. CryptoBull’s $7 forecast, however, suggests a more extended trajectory, aligning with broader market optimism. Despite a recent 10% dip in the last 24 hours, XRP remains within a bullish cycle. A 92% rally from $1.95 to $3.66 over 30 days has drawn attention to the token’s resilience, with analysts like XRPunkie and Vincent Van Code viewing pullbacks as necessary for clearing resistance before higher targets.

Institutional confidence in XRP’s fundamentals is growing. Brazilian fintech VERT recently launched a $130 million blockchain platform on the XRP Ledger, while blockchain firm Nature’s Miracle added $20 million of XRP to its treasury during the recent dip. These moves reflect long-term conviction despite market volatility. On-chain data also supports the bullish case: daily ledger transactions have exceeded $1.4 billion, and open interest in derivatives markets nears $11 billion, indicating deepening participation [4].

Critical price levels are now in focus. The $3.30–$3.40 resistance zone serves as the immediate test for the cup-and-handle breakout. A sustained move above this level could validate the pattern and set XRP toward $5 initially, with $7 as a longer-term target. Analysts caution that extended projections—such as $10–$15—depend on maintaining momentum and favorable macroeconomic conditions. Conversely, a failure to hold above $3 could lead to a retest of support at $2.70 or $2.20 [5].

The market is also parsing conflicting price forecasts. While some analyses highlight $3.60–$3.66 as near-term targets, others suggest $3.89 or $4.20–$4.40 as potential milestones. These variations reflect differing interpretations of volume and on-chain activity, emphasizing that forecasts remain speculative until confirmed by sustained price action [6]. A $44 billion inflow into XRP-related assets has been cited as a supporting factor, though utility adoption remains a key variable for long-term sustainability [7].

XRP’s positioning at this pivotal juncture underscores the interplay of technical patterns, institutional adoption, and market sentiment. The cup-and-handle breakout, if confirmed, could mark the beginning of a larger bullish move, aligning with broader altcoin market optimism.

Sources:

[1] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://coinmarketcap.com/community/articles/68824b954ed1db4f630b9f5a/)

[2] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://coinmarketcap.com/community/articles/68824b954ed1db4f630b9f5a/)

[3] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://coinmarketcap.com/community/articles/68824b954ed1db4f630b9f5a/)

[4] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://coinmarketcap.com/community/articles/68824b954ed1db4f630b9f5a/)

[5] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://coinmarketcap.com/community/articles/68824b954ed1db4f630b9f5a/)

[6] [XRP Price Set to Pump as Top Token Metrics Surge to All-Time High](https://crypto.news/xrp-price-set-to-pump-as-top-token-metrics-surge-to-all-time-high/)

[7] [XRP Price Prediction: XRP Eyes New All-Time High with $44B Inflows](https://bravenewcoin.com/insights/xrp-price-prediction-xrp-eyes-new-all-time-high-with-44b-inflows-and-trillion-dollar-utility-ahead/)