XRP Trader Sees Cup-and-Handle Pattern as Catalyst for Surge to $13.5687
A top trader believes that XRP is ready to 'fly' after spotting a cup-and-handle pattern on its weekly chart. According to the analyst, XRP's current price of around $1.40 on Coinbase is just one part of the story.
The trader points out that the asset has completed a successful retest of support and is now positioned to advance. The breakout and retest are crucial in confirming structure, and this process has been accomplished.
To reach its upside targets, XRP must clear two significant levels: $2.4062, which represents established resistance from 2026, and the $3.63 neckline, just below XRP's all-time high of $3.65. Breaking through these levels will activate measured move projections.
The trader has plotted two targets above the $3.63 neckline: $6.8899 and $13.5687, with a projected increase from the current low to $13.5687 of 269.73%. This figure is directly comparable to a prior cycle on the same chart, where an earlier cup formation produced a 269.75% increase.