XRP Is Primed for a Massive Breakout. Here’s Giant Cup & Handle Target
Main Idea
Crypto analyst Xaif predicts a massive breakout for XRP, identifying a cup-and-handle pattern with a target price of $5.21, which could elevate its market capitalization to $309 billion.
Key Points
1. XRP is currently trading at approximately $3.24 with a market capitalization near $192 billion.
2. Xaif's analysis suggests a potential breakout target of $5.21, translating to a $309 billion market cap based on current circulating supply.
3. Some analysts project even higher targets, ranging from $4–$6 to $8–$11, contingent on sustained market momentum and buying pressure.
4. Liquidity dynamics and cooling U.S. inflation are cited as favorable conditions for XRP's potential upward movement.
5. Reaching long-term targets like $10+ would require significant market adoption of XRP's payments and liquidity solutions.
Description
Crypto analyst Xaif has set the XRP community abuzz after identifying a textbook cup-and-handle pattern on the higher-time-frame chart. His projection points to a measured-move target of $5.21, which, at today’s circulating supply, would translate to a market capitalization of roughly $309 billion—comfortably above the “$306B” mark he highlighted. The figure is based on XRP’s current circulating supply of about 59.31 billion coins, a number consistent across leading crypto market trackers. Where...
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