XRP News Today: XRP Surges 18% To $3.65 As Altcoin Season Begins

Legendary trader Peter Brandt has recently shared a chart identifying a classic cup and handle pattern on the total altcoin market cap, a move that has sparked excitement within the XRP community. This chart, amplified by prominent XRP influencer JackTheRippler, has reignited optimism around the current altcoin cycle, with many XRP holders interpreting it as a major validation of their long-held expectations and the start of the altseason.

Brandt, known for his strict technical approach, has previously been skeptical about XRP. However, the asset changed his mind in late 2024, and his current analysis suggests that XRP and other altcoins are primed for a substantial breakout. The chart he shared marks the development of a textbook cup and handle formation, a bullish continuation pattern typically signaling the resumption of an upward trend after consolidation. This structure spans several years, capturing the retracement of late 2021, a slow accumulation phase, and the formation of a smaller corrective handle that began in early 2025 and continued until the recent market resurgence.

Recent price action supports Brandt’s technical argument. XRP surged to $3.65 on July 18, marking a new all-time high for the asset. This came after a breakout from the $3 zone, followed by a brief retest and a strong continuation upward. The rapid ascent has been accompanied by a renewed sense of urgency in the market, as buyers rush in, anticipating a broader altcoin rally. While XRP has since pulled back slightly to $3.42, Brandt’s analysis suggests that the market is at the beginning of the altcoin season, and many market participants have high expectations for XRP and other altcoins. Analysts have also spotted a similar cup and handle formation on XRP’s chart, suggesting that this rally is not over.

Within the XRP community, Brandt’s apparent endorsement of an altseason has been met with enthusiasm. One commenter suggested dollar-cost averaging as the best investment method for now, and others shared their excitement for the asset’s future, with some anticipating further growth driven by increasing utility. XRP’s resilience in regulatory scrutiny, coupled with improving technicals, positions it uniquely among its peers. The excitement the community is showing suggests that bulls are ready to put XRP at the forefront of the 2025 altseason.