- XRP forms bullish cup and handle pattern aiming toward $5 breakout.
- Technical indicators suggest growing momentum as XRP nears key resistance zone.
- Analysts eye $2.60 support holding before XRP targets higher price levels.
Fresh optimism has returned to the XRP community after a new technical analysis suggested a potential rally in the coming sessions.
According to an update shared by @MackAttackXRP on X, citing chart analyst CryptoBosmans, XRP is showing a well-defined cup and handle pattern that may push prices toward the $5 mark if current support levels remain steady.
The cryptocurrency has been trading within a consolidation zone for several weeks, but the structure of the chart now reflects a shift in market sentiment. The emerging pattern indicates accumulation followed by a brief correction, which often precedes strong upward movement in price action.
The narrowing range suggests that price pressure is building as traders anticipate a possible breakout beyond the $2.60 resistance zone. If the breakout occurs with solid volume, analysts believe that the next significant target could lie near $5.
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Technical Indicators Show Strength Building
Multiple technical indicators appear to support this bullish structure. The Relative Strength Index (RSI) has begun turning upward, signaling renewed buying interest. In addition, the Stochastic RSI has crossed into positive territory, reflecting growing momentum among traders positioning for a potential move.
At the same time, the Moving Average Convergence Divergence (MACD) indicator is flattening after a period of decline. This behavior points to fading bearish sentiment and an increasing likelihood of a bullish crossover, which often precedes strong upward trends in the market.
According to CryptoBosmans, the most critical level to watch remains around $2.60. Maintaining this zone as support could validate the formation and prepare XRP for a breakout toward its projected target. However, losing this area may trigger a temporary pullback toward lower price zones near $0.50.
Market Expectations Ahead
The analysis has drawn widespread attention within the XRP community as many traders monitor the handle’s narrowing pattern. Besides that, volume analysis also shows reduced activity during consolidation, which aligns with typical pre-breakout behavior.
Analysts emphasize that confirmation through increased volume will be key before a full rally develops. If this scenario unfolds as anticipated, XRP could mark a significant technical recovery, reinforcing confidence among long-term holders and short-term traders alike.
Consequently, the XRP Cup and Handle pattern remains one of the most closely watched setups in the market.
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