XRP Completes Cup & Handle: Analyst Targets $7 as Bullish Breakout Confirmed
A major technical milestone has been reached: XRP’s cup-and-handle pattern is officially complete, according to analyst CryptoBull. With the structure confirmed on the daily chart, the target is now set at $7—a 130% surge from current prices. While skeptics cite manipulation
XRP’s Bullish Blueprint: The Cup & Handle Is Live
In the world of technical trading, few patterns carry as much weight as the cup and handle—a hallmark of institutional accumulation and long-term trend resumption.
Now, after months of consolidation, XRP has officially completed this formation, and one prominent analyst is calling it: $7 is the next stop.
Crypto analyst CryptoBull shared a Bitstamp daily chart showing XRP’s price carving out a rounded "cup" base, followed by a tighter, shallower "handle" pullback—classic hallmarks of a bullish continuation pattern.
With price now breaking out above the handle’s resistance and trading above the 200-day moving average, the signal is clear: the next leg of the bull run may have begun.
What the Chart Reveals
Key elements of the pattern:
- Cup Formation: A six-month rounded bottom between $2.30 and $3.00, reflecting steady accumulation
- Handle: A smaller pullback to $2.70–$2.85, mimicking a final "shakeout" of weak hands
- Breakout Level: ~$3.10—now confirmed as support
- Measured Target: $7.00, calculated by adding the depth of the cup to the breakout point
At current levels near $3.00, that implies a potential 130%+ gain—making this one of the most compelling technical setups in the altcoin market.
The 200-day MA now acts as dynamic support, reinforcing the bullish structure.
Why This Pattern Matters
The cup-and-handle isn’t just a shape. It’s a psychological roadmap:
- Selling climax (left side of cup)
- Accumulation (bottom)
- Rebound and pause (right side and handle)
- Breakout on conviction (current phase)
Historically, assets that complete this pattern—like ETH in 2020 or SOL in 2023—often deliver strong, sustained rallies post-breakout.
For XRP, this could be the technical catalyst needed to finally surpass its 2018 all-time high of $3.85.
Community Reaction: Faith vs. Skepticism
Not everyone is convinced.
In a reply to the post, user Lloyd fired back:
“Charts mean nothing. It will reach $7.00 when they allow it to reach $7.00. Retail lives in manipulation land now. Best to hold. what will be will be…”
It’s a sentiment echoed by many retail traders who believe crypto markets are too manipulated for technicals to matter—controlled by whales, exchanges, and insider forces.
And there’s truth to that concern.
But the counterpoint is this:
Even manipulated markets follow patterns—because manipulation also follows predictable psychology. Accumulation, pump, distribution. The cup and handle captures that rhythm.
So while charts don’t guarantee outcomes, they increase the odds—and right now, the odds favor bulls.
What Comes Next? Key Levels to Watch
| Level | Significance |
|---|---|
| $3.00–$3.10 | Breakout confirmation zone |
| $3.85 | All-time high — major psychological barrier |
| $5.00 | Intermediate target (doubling from current) |
| $7.00 | Measured target from cup depth |
A sustained move above $3.30 would confirm strength. Failure to hold $2.90 could invalidate the pattern.
Volume will be critical. A high-volume breakout adds credibility. A low-volume grind? That’s when skepticism returns.
The Bottom Line: Pattern Complete, Game On
Whether you’re a chart believer or a skeptic, one thing is undeniable:
The structure is textbook. The breakout is confirmed. The target is $7.
While fundamentals like ODL adoption and ETF speculation provide the foundation, technicals like this light the fuse.
And in crypto, when narrative, fundamentals, and technicals align—big moves follow.
