Crypto Millionaire Spots Bullish XRP Cup & Handle, Sets Price Target
2025-07-14 17:18:41
Main Idea
A crypto millionaire identifies a bullish 'cup and handle' pattern in XRP's weekly chart, predicting a potential price breakout to $5.2 if key resistance levels are breached.
Key Points
1. XRP has shown a 'cup and handle' pattern on its weekly chart, indicating potential bullish momentum.
2. The pattern began forming in January after XRP reached a multi-year peak of $3.39, with a low point of $1.6401 in early April 2025 marking the bottom of the cup.
3. XRP is currently trading at $2.93, and a breakout above the $3 neckline could trigger a rally toward $5.2.
4. Analysts suggest that high-timeframe patterns like this often take time to develop but can signal strong upward movements if validated.
5. Traders should monitor the $3 resistance level for a sustained breakout to confirm the bullish trend.
Description
After months of ranging movement and uncertainty, XRP has presented a technical pattern that may suggest the digital asset is approaching a decisive moment. Observers have noted consistent buying pressure on the weekly timeframe, with one analyst identifying what could be a powerful signal of trend reversal. Gordon (@AltcoinGordon), a self-proclaimed crypto multi-millionaire, recently shared a chart that outlines a developing cup and handle formation. According to his assessment, this structure ...
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