XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target

XRP has re-entered the spotlight with renewed bullish momentum, as a classic cup-and-handle formation appears to be taking shape on the weekly chart. A recent post by well-known trader CryptoBull on X drew attention to the setup, stating, “ XRP is forming a Cup & Handle pattern . The next measured move up will take us above $7.” This widely recognized technical structure, when confirmed, often signals the continuation of a major rally, and XRP may be on the cusp of a breakout. Technical Structure and Current Setup The chart shared by CryptoBull, based on XRP’s weekly price action on Bitstamp, clearly illustrates a rounded bottom that began forming in late 2024 and continued through mid-2025. Prices declined steadily toward the $1.80 level before reversing in April and beginning a sharp upward climb. This forms the “cup” of the pattern. In recent weeks, XRP entered a narrow consolidation zone just below $3.40, creating what appears to be the “handle.” #XRP is forming a Cup&Handle pattern. The next measured move up will take us above $7. pic.twitter.com/5ST7AuayMB — CryptoBull (@CryptoBull2020) July 23, 2025 This setup, popularized in both traditional finance and crypto markets, is often viewed as a reliable indicator of continuation when accompanied by rising volume. The chart suggests that a breakout from the handle could trigger a measured move to levels above $7, a projection consistent with CryptoBull’s post. The measured move typically equals the depth of the cup added to the breakout level, which in this case falls just under $4. Recent Pullback and Market Sentiment XRP is currently trading around $3.16, down over 10% in the last 24 hours following a healthy market-wide correction. Despite the dip, analysts maintain that the retracement is a standard part of the broader bullish cycle. XRP recently rallied from $1.95 to $3.66, marking a 92% surge in just 30 days. According to leading analysts like XRPunkie and Vincent Van Code , such pullbacks are meant to shake out emotional traders and clear resistance before higher price levels can be reached. They suggest that organic growth remains intact and that higher timeframes show XRP aligning well above its 200-day moving average, another bullish indicator. Institutional Support and Ecosystem Developments Beyond technicals, XRP’s fundamentals remain strong. Institutional interest continues to grow, as demonstrated by the Brazilian fintech firm VERT launching a $130 million blockchain platform on the XRP Ledger. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Meanwhile, Nature’s Miracle, a blockchain-focused company , recently added $20 million worth of XRP to its treasury during the recent dip. These moves signal confidence in XRP’s long-term value, even amid volatile price swings. On-chain metrics also back the bullish thesis. XRP has seen over $1.4 billion in daily ledger transactions recently, with open interest in the derivatives market approaching $11 billion. These figures show deepening market participation and rising investor conviction. Critical Levels and Price Targets All eyes are now on the $3.30–$3.40 resistance zone. A successful breakout above this level, accompanied by a rise in trading volume, would confirm the handle breakout and set XRP on course toward $5 initially, with $7 firmly in view. Analysts maintain that if momentum continues and broader market conditions remain favorable, extended targets between $10 and $15 could eventually come into play. However, failure to hold above $3 could lead to a retest of key support levels around $2.70 or even $2.20. Still, with both technical patterns and institutional adoption aligning, XRP finds itself at a pivotal moment. The cup-and-handle breakout may soon determine whether this rally is just the beginning of a much larger move. As it stands, CryptoBull’s projection of $7 is not just speculative, it’s rooted in solid technicals and a maturing market structure. 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 Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target appeared first on Times Tabloid .

Source: TimesTabloid