Peter Brandt Highlights XRP Cup-and-Handle Pattern with Bullish Potential

Veteran trader Peter Brandt has highlighted a potential bullish setup for XRP, sharing a daily chart that shows the formation of a cup-and-handle pattern. Brandt identifies the September 23 high at $1.6572 as the key breakout level, suggesting that a successful move above this price could signal further upward momentum for the token.

The cup-and-handle is a well-known technical analysis pattern often associated with bullish price potential. If XRP breaks out above the identified level, traders tracking token performance, breakout setups, and technical indicators may view this as a strong signal for market adoption and price appreciation.

This analysis comes amid broader market movements, with the global cryptocurrency market cap hovering around $2.99 trillion and spot volume at $36.05 billion in the last 24 hours. The developing pattern in XRP adds to the ongoing discussions around token performance and technical setups in the crypto space.