XRP Price Today: XRP Breaks Cup-and-Handle Resistance, Eyes Massive $5–$10 Rally Ahead
XRP price is near $2.65, showing a confirmed breakout from a multi-year cup-and-handle pattern targeting a potential $5–$10 rally.Summary
The XRP price is holding near $2.65, with technical analysts noting a confirmed breakout above the $2.63 resistance level from a multi-year cup-and-handle formation that began in 2020. This breakout suggests a potential bullish continuation targeting a massive rally toward the $5 to $10 range. Key short-term levels to watch are support at $2.15 and resistance at $2.80, with the RSI suggesting a possible brief cooldown before further upward momentum. Fundamentally, Ripple's position is strengthened by increasing institutional adoption, evidenced by high trading volumes in CME Group's XRP futures and the strategic $1 billion acquisition of GTreasury. Furthermore, regulatory progress in Europe, including meetings in Luxembourg and a favorable no-action letter from the SEC for its custody unit, bolsters long-term confidence, although potential ETF delays could cause temporary volatility. A sustained break above $3 is seen as the trigger for the next major bull phase.
(Source：Brave New Coin)