XRP Eyes $5 as Classic Cup-and-Handle Formation Emerges
XRP has captured the attention of traders once again, with market analyst Levi highlighting a classic cup-and-handle pattern that could signal significant upside for the cryptocurrency.
Currently trading at $2.34, XRP is showing technical signs that suggest a potential rally toward the $5 mark by the end of the year.
The cup-and-handle is a classic bullish pattern, with a rounded 'cup' of consolidation followed by a brief 'handle' pullback. Levi notes that XRP’s price closely mirrors this setup, pointing to a potential breakout and significant upside.
What’s next? Well, the cup-and-handle is a highly reliable bullish pattern. If XRP completes the handle and breaks resistance, a swift move toward $5 could follow amid growing investor optimism.
XRP’s $2.34 level acts as a key support, with buyers sustaining its upward momentum. Strong volume and moving averages signal potential for further gains, while a breakout above the handle’s resistance could accelerate buying pressure, fueling XRP’s next leg up.
XRP’s ecosystem is fueling market optimism beyond technical signals. With native Layer-1 smart contracts, the XRP Ledger now combines speed, low fees, and programmability, attracting developers and projects that could drive long-term adoption. This positions XRP as a versatile blockchain for DeFi, NFTs, and innovative decentralized applications.
Levi’s analysis highlights a high-reward opportunity for XRP holders with a $5 target implying over 100% upside from current levels, reflecting strong bullish momentum as 2025 nears its end.
Conclusion
XRP’s emerging cup-and-handle pattern, supported by key ecosystem developments, sets the stage for a potential year-end rally. With $2.34 as strong support and $5 within reach, traders should watch closely. Despite market volatility, XRP’s blend of technical momentum and growing utility positions it as a top contender for upside in the months ahead
