- XRP’s cup and handle pattern signals a potential breakout, with analysts targeting a move toward $3.35.
- Regulatory clarity and ETF approvals could act as major catalysts for XRP’s parabolic surge.
XRP is exhibiting a bullish technical pattern known as the cup and handle, suggesting a potential upward movement. This formation, widely recognized in technical analysis, signals a possible breakout, positioning XRP for a parabolic surge as key market patterns emerge.
The cup and handle pattern is a bullish continuation structure that resembles a teacup on price charts. It begins with a rounded ‘cup’ formation, followed by a slight downward ‘handle’, before leading to a breakout to the upside.
This setup has been forming in XRP’s four-hour chart since February 1, with analysts closely watching resistance levels for confirmation of a strong upward move.
Analysts Weigh In on XRP’s Trajectory
A recent Crypto News Flash report suggested that other under-the-radar cryptos could experience significant growth, but analysts remain optimistic about XRP’s potential. According to technical analyst Ali Martinez, if XRP surpasses the $2.80 resistance level, it could rally toward $3.35, representing a 28% increase from its current price of $2.61.
If $XRP is following a cup and handle pattern, a breakout could set the stage for a move toward $3.35! pic.twitter.com/91Til6HUOo
— Ali (@ali_charts) February 16, 2025
Similarly, Dark Defender, another market analyst, emphasizes that XRP must break $2.77 to reclaim the $3 threshold, stating that XRP is trying to claim the $2.7740 level. If successful, then $3 will be in play. These perspectives align with the cup and handle analysis, indicating that overcoming key resistance levels could pave the way for substantial gains.
Fundamental Catalysts Supporting Growth
Beyond technical indicators, fundamental developments are strengthening XRP’s prospects. The potential approval of XRP-focused exchange-traded funds (ETFs) in the U.S. could increase mainstream adoption and enhance liquidity.
Additionally, Ripple’s engagement with the new U.S. administration under President Donald Trump may lead to a more favorable regulatory environment for XRP. The appointment of Paul Atkins as the new SEC Chair, known for his crypto-friendly stance, has also raised hopes for a resolution to Ripple’s ongoing legal battles.
Regulatory clarity in the coming months could serve as a major catalyst for XRP’s price appreciation.
With bullish technical indicators aligning with positive fundamental developments, XRP appears well-positioned for a potential upward surge. Traders and investors should closely monitor key resistance levels and stay informed about regulatory updates, as these factors will play a crucial role in XRP’s near-term performance.
As of now, XRP is trading at $2.52, reflecting a 2.04% decrease in the past day but a 5.06% increase over the past week. See XRP price chart below.
