- XRP breaks long-held resistance at $1.63, completing a multi-year cup and handle continuation setup.
- Fibonacci levels place XRP’s next targets at $8.41, $13.59, and $27.04, signaling large potential upside from current levels.
- ETF filings and bullish indicators like MACD crossover and 9-day EMA push XRP toward renewed momentum above the $2.00 mark.
XRP shows a strong technical setup as it forms a long-term cup and handle pattern. Current market activity and previous trends signal a cautious potential for a strong breakout.
Long-Term Pattern Development
A recent tweet by CryptoELlTES noted that XRP is headed to $15 soon. The tweet noted that early support near $0.50 has yielded a 600% increase. The chart on the XRP pair displays a clear cup and handle pattern developing over nearly seven years. This setup is common in bullish market cycles and typically points to a trend continuation.
The cup represents a gradual rounding bottom that forms over an extended period. The following handle reflects a mild consolidation before a potential upward surge. The neckline resistance around $1.63, once tested in early 2018 and 2021, has now become solid support. This conversion suggests that historical resistance is turning into a foundation for price stability.
Technical Indicators and Market Behavior
The XRP chart displays a breakout from the neckline zone in 2025 after strong volume supported the move. Fibonacci extension levels project XRP targets at key retracement values such as $8.41, $13.59, and $27.04. The extension levels suggest a broad range of future price opportunities if the pattern continues. Market participants observe these technical levels with careful interest.
Daily chart analysis shows XRP recovering from a prolonged consolidation phase. After a sharp correction from December highs, the asset finds support near $1.85. Currently, XRP trades around $2.09 with modest gains for the day.
The price crossing above the 9-day EMA at $2.07 reinforces short-term bullish pressure. The MACD indicator nears a crossover as the histogram edges toward the zero line, indicating fading bearish momentum.
Market Sentiment and Short-Term Trends
A tweet by @Steph_iscrypto emphasizes that XRP leads altcoins in ETF filing activity. The tweet mentions nearly 10 applications submitted, signaling strong institutional interest. Such actions may support the ongoing technical setup and add to positive market sentiment. The ETF filings provide a dynamic view of evolving investor interest.
The current price behavior shows a range-bound structure that awaits confirmation from a higher swing high near $2.20. Support at these levels may trigger a steady recovery if buying pressure intensifies. The progression of technical indicators suggests a potential steady rally if the current momentum endures.
The XRP setup and technical indicators reinforce the importance of historical resistance turning into future support. The combination of long-term pattern formation and active technical signals supports a measured outlook for XRP.
