"XRP's attempts at $1.45 have consistently faced resistance, with the price remaining in the $1.30-1.44 range for three months. Each attempt to break $1.45 has resulted in immediate pushback from bears, causing the price to drop back into the lower range."
"The cup-and-handle pattern has been forming since mid-March, with XRP carving the cup from a base around $1.25-$1.30 and peaking near $1.50. The handle has remained shallow, and a deeper pullback would invalidate the pattern."
"A break above the neckline at $1.50 would confirm the cup-and-handle pattern, with a measured move target of $1.65-$1.70, representing a potential gain of 16-18%. However, the pattern has a time constraint, as prolonged consolidation can lead to failure."
XRP's recent price movement above $1.40 is supported by over $1.5 billion in trading volume, indicating strong buyer positioning. The cryptocurrency is at the edge of a cup-and-handle pattern formed since March, with a critical neckline at $1.50. A clean break above this level would confirm the breakout, targeting a price of $1.65-$1.70. However, the pattern risks invalidation if XRP falls below $1.32-$1.35, as prolonged consolidation could lead to failure.
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