XRP Price Soars on Massive Cup-and-Handle Breakout
Crypto analyst Dark Defender has identified a massive long-term Cup-and-Handle pattern on XRP's monthly chart, which is now moving towards a major breakout zone. The pattern formed over several years, stretching from around 2017 to 2026.
The cup part of the pattern was created during XRP's significant 2017 rally and its subsequent multi-year decline and long recovery. The handle portion of the pattern emerged after the 2021 peak, when XRP entered a lengthy consolidation before starting its latest upward trend.
Dark Defender believes this long-term structure has now completed, calling it the 'biggest Cup & Handle ever' for XRP.
The analyst sees a potential XRP price target of $750-$1,000 based on this structure and larger Fibonacci targets. A sustained move above $1.88 could bring the higher Fibonacci levels into focus, with technical projections showing targets around $18.22, $74.39, and $333.12.
Dark Defender's longer-term view goes even further, with him currently seeing XRP reaching $750-$1,000 and potentially moving into the five-digit range in the future.