XRP News Today: XRP Forms Cup and Handle Pattern Awaiting Breakout to $5.2

After months of ranging movement and uncertainty, XRP has presented a technical pattern that may suggest the digital asset is approaching a decisive moment. Observers have noted consistent buying pressure on the weekly timeframe, with one analyst identifying what could be a powerful signal of trend reversal.

Gordon, a self-proclaimed crypto multi-millionaire, recently shared a chart that outlines a developing cup and handle formation. According to his assessment, this structure appears to be taking shape across XRP’s weekly timeframe. If validated, the breakout target could stretch as high as $5.2.

The cup and handle pattern is one of the more structurally defined setups in technical analysis. It reflects a rounded bottom that leads into a smaller consolidation before the price potentially breaks out past resistance. In this case, the broader curve on the chart suggests that XRP’s market has spent an extended period forming the base of this setup. It began forming in January after XRP hit a multi-year peak of $3.39. The asset maintained some momentum throughout January, but broader market forces pulled it below $3 in early February, and the asset has struggled since then. The asset hit $1.6401 in early April, marking its lowest point of 2025 and the bottom of the cup formation. It began building up slowly, and its impressive performance over the past week has pushed it closer to the horizontal resistance line near $3.00. The asset is currently trading at $2.93, and breaching this resistance could lead to the formation of the handle. To complete the handle, XRP would have to drop below this resistance level again, but after that brief correction, Gordon expects a swift move toward $5.2.

Analysts have been anticipating this breakout for some time, and the weekly timeframe adds gravity to this potential pattern. Unlike shorter timeframes, where price action may frequently shift, high-timeframe patterns often take extended periods to develop and confirm, and are harder to invalidate. Recent developments, including renewed institutional interest in digital assets, as well as Ripple’s progress in broadening its product integrations, could serve as supportive fundamentals if XRP’s price begins to move. For traders and investors watching XRP, the main level to watch is the neckline of the pattern around the $3 area. A sustained breakout above this zone and completion of the handle would set the stage for a rally to $5.2.