Altcoins News
By Sakamoto Nashi
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XRP Price Technical Analysis: Cup-and-Handle in Play. XRP’s chart reveals that the token has been holding firm above its 50-day moving average (MA) — a…
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Key bullish indicators include:
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Why XRP and XLM Lagged the Rally. While Bitcoin and Ethereum have surged toward all-time highs, XRP and XLM have faced headwinds.
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Market Context: Bitcoin and Ethereum Set the Tone. The broader crypto market’s bullish sentiment is undeniable.
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Short-Term Outlook and Risk Factors. For XRP:
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Conclusion: Breakouts May Be Imminent. Both XRP and XLM may have lagged the crypto rally so far, but technical indicators suggest that…
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The crypto market has been roaring, with Bitcoin (BTC) and Ethereum (ETH) approaching record highs and total market capitalization climbing above $4.10 trillion.
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As of Wednesday, XRP was trading around $3.26, while XLM hovered near $0.45, both locked in narrow trading ranges.
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XRP’s chart reveals that the token has been holding firm above its 50-day moving average (MA) — a key level that has provided strong support for months.
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More notably, XRP has formed a cup-and-handle (C&H) pattern, one of the most recognized continuation setups in technical analysis. This pattern consists of:
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Cup: A rounded bottom indicating accumulation.
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Handle: A consolidation phase before the breakout.
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Horizontal resistance: For XRP, this level sits at $3.3811, tested in both November and July.
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The distance between the cup’s top and bottom measures approximately 51%, which aligns with strong upward potential once the handle completes. If XRP breaks above the $3.
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First target: $4 — a psychological milestone.
The Currency Analytics
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