XRP’s price chart is showing signs that it might soon break higher. Crypto expert Ali shared on X (formerly Twitter) that XRP is forming a cup and handle pattern, which is a well-known indicator of potential upward momentum. According to the chart posted, if the pattern holds, XRP could see a breakout leading to a price move toward $3.35.
The analysis highlights that XRP’s price has been recovering from a rounded bottom, followed by a small retracement, forming the handle. If the breakout occurs above the current resistance level, a sharp move upward may follow.
What you'll learn 👉
XRP Chart Analysis
We’re seeing what looks like a cup and handle pattern – a common signal that prices might go up. After prices dropped, they slowly recovered in a cup shape. Now we’re in the handle part, where prices are moving sideways a bit before possibly jumping up.
In this case, XRP’s price initially dropped, forming a bottom near $2.10-$2.80 before rebounding to previous highs around $2.80. Right now, that handle looks like a small channel moving down, which usually means prices are taking a breather before making their next move. The big number to watch is $2.80 – prices have had trouble getting past this point before. Breaking above it could mean the upward trend continues.
XRP Key Support and Resistance Levels
A few price points matter right now. Between $2.50 and $2.60, buyers have stepped in before to stop prices from falling further. A deeper support zone exists between $2.10 and $2.20, marking the lowest point of the cup formation.
Resistance remains strong at $2.80, the level where the handle is forming. A breakout above this point could open the door for a move toward $3.35, based on the projected target from the pattern. If momentum dies down, though, prices might need to test those lower levels again before making another push up.
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Getting above $2.80 would be a good sign for buyers, but we’ll need to see enough trading volume to back it up. Sometimes prices can pop above resistance briefly before falling back down if there aren’t enough buyers.
If buyers can’t keep pushing prices up, we might see XRP fall back to those support levels first. If the handle extends too long or breaks below key support, the pattern could become invalid. Traders will be closely monitoring volume levels and price action for confirmation.
XRP Market Outlook
Ali’s analysis matches what others are seeing – generally positive signs for XRP. The cup and handle pattern suggests prices could reach $3.35 if things play out well.
Just remember that nothing’s guaranteed. Whether prices keep climbing or pull back first depends on overall market conditions and how many people are actively trading.
For traders watching XRP’s price, keep an eye on $2.80 as the key level to break above and $2.50-$2.60 as the floor that needs to hold. These will tell us a lot about where prices head next.
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