XRP Forming a Cup & Handle Pattern, Analyst Sets Next Stop

XRP is flashing a classic bullish signal that could pave the way for a major breakout. According to a recent analysis shared by XRPunkie on X, the cryptocurrency is forming a Cup & Handle pattern, a technical setup that often precedes a strong upward move. Based on this formation, XRP’s next price target is set at $4.00. Bullish Chart Pattern in Focus The Cup & Handle pattern is one of the most reliable technical indicators in market analysis. It consists of a rounded bottom (“cup”) followed by a brief consolidation or pullback (“handle”). When this pattern completes, it typically results in a sharp breakout to the upside. According to XRPunkie’s chart, the cup structure began forming around July 17, with the price bottoming near $3.32 before gradually rising back toward $3.66. A slight dip formed the handle, suggesting the final stage before a potential breakout. The visual projection on the chart points to a price target of $4.00, indicating a substantial short-term rally. $XRP potentially forming a Cup & Handle pattern. $4 is our next stop. pic.twitter.com/10hAZN0CJ0 — XRPunkie (@Shawnmark7899) July 22, 2025 Current Price and Market Outlook As of the latest data from Bitstamp, XRP is trading at $3.56360, reflecting a modest daily increase of 0.35%. The immediate resistance level sits at $3.66676 , which corresponds with the top of the cup formation. A confirmed breakout above this level would likely trigger a sharp move toward the projected $4.00 mark. The market structure looks supportive of this bullish outlook. XRP remains above its 21-period Exponential Moving Average (EMA) on the 1-hour chart, reinforcing the positive momentum. Macro Factors Supporting the Rally Several broader factors are also fueling optimism around XRP. The cryptocurrency market as a whole has entered a bullish phase, with Bitcoin currently stable above $118,000 and Ethereum holding above $6,200. These favorable conditions often spill over into altcoins like XRP. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In addition, Ripple, the company closely associated with XRP, continues to make progress on the global stage. Its payment solutions are being adopted by an increasing number of financial institutions, boosting confidence in XRP’s long-term utility. Meanwhile, the drawn-out legal battle with the U.S. Securities and Exchange Commission (SEC) appears to be nearing its final stages, with market participants hoping for a resolution that clears regulatory uncertainty. Key Levels and What to Watch Next While $3.66 remains the critical resistance to break, a decisive move above that level would validate the Cup & Handle pattern and open the path to $4.00. If XRP fails to break out, however, it could retest lower support zones around $3.40–$3.50 before making another attempt. In summary, XRP is shaping up for a potentially explosive move , with technical and macro signals aligning. Should the breakout materialize, $4.00 could be reached in the very near term, rewarding holders and traders who have stayed patient during recent consolidations. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Forming a Cup & Handle Pattern, Analyst Sets Next Stop appeared first on Times Tabloid .

Source: TimesTabloid