Ripple Breakout Watch: This XRP Pattern Signals $5 Target
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Ripple's token XRP is currently priced at $1.91 with a 24-hour trading volume of $2.3 billion, reflecting a 2% decline in one day and 8% over the week. Analysts are monitoring a cup-and-handle pattern that suggests potential price movement towards $5.00, building on a structure formed since 2018.
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Ripple’s token is trading around $1.91 at press time, with a 24-hour trading volume of over $2.3 billion. It has declined 2% in the past day and 8% over the last week. As traders monitor key support levels, new technical setups are gaining attention, including a chart pattern that may signal a move toward $5.00.
Breakout Watch as XRP Forms Cup and Handle
Analyst DrBullZeus shared a chart showing a large cup-and-handle pattern on the 2-week timeframe. This structure, forming over several years, shows a rounded base beginning in 2018 and a handle now developing below the all-time high of $3.65.
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