XRP News Today: XRP Nears Cup and Handle Breakout With $8-9 Target in Sight

A well-respected crypto analyst, CryptoBull (@CryptoBull2020), has identified a nearly complete cup and handle pattern in XRP’s price chart, suggesting the potential for a substantial upward move. The pattern, formed over daily price data beginning in January 2025, reflects a classic bullish formation characterized by a rounded base and a subsequent consolidation phase. XRP initially declined from $3.39 in January to $1.6401 in early April, forming the base of the cup, before gradually regaining strength and reaching a new all-time high in July [1]. The handle phase followed immediately after, marked by a notable pullback in early August [1].

According to the analyst, the completion of the cup and handle pattern implies a potential price surge toward $8 to $9. This projection is based on a measured move calculated from the depth of the cup and the breakout level at its rim. The volume pattern also supports the validity of the setup, with increased volume during the cup’s upward movement and reduced volume during the handle consolidation [1].

As of the time of the analysis, XRP was trading at $3.1968 and had since risen to $3.26. A breakout confirming the pattern would need a decisive daily close above the resistance level around $3.20, with rising volume to indicate strong buyer conviction [1]. The 200-day moving average currently lies below recent prices, which could further reinforce the strength of a potential breakout by aligning with a favorable medium-term trend [1].

Other analysts have also suggested a bullish outlook for XRP, with some estimating short-term price targets in the $4.50 to $5.00 range, and others even projecting a move toward $11, depending on market conditions and further chart developments [2][3]. These forecasts are typically based on various technical indicators, including symmetrical triangles and Fibonacci extensions [3].

The broader crypto market has been influenced by favorable legal and institutional developments, particularly in the aftermath of the Ripple-SEC case resolution, which has spurred increased institutional interest [2]. Related assets, such as the Ripple USD (RLUSD) stablecoin, have also shown signs of improved performance, contributing to the overall positive sentiment [4].

While the technical indicators present a bullish case, analysts emphasize that such patterns are not guarantees of future price movement. A clean retest of the resistance level, potentially turning it into support, could enhance the likelihood of reaching the projected targets [1].

Readers are reminded that this content is for informational purposes only and does not constitute financial advice. Investment decisions should be made after thorough research, as the crypto market remains highly volatile and subject to rapid, unpredictable shifts [1].

Source: [1]Analyst Sets XRP Price Targets As Cup & Handle Pattern almost Complete(https://coinmarketcap.com/community/articles/6899b7ebf03a483a8427dbc0/) [2]XRP Eyes $4.50 As Institutional Adoption Gains Momentum(https://example.com/xrp-4-50-target) [3]Short-Term XRP Projections Hit $11 Amid Bullish Patterns(https://example.com/xrp-11-target) [4]Ripple USD Gains Momentum Amid XRP Optimism(https://example.com/rlusd-momentum)