XRP’s Cup & Handle Pattern Hints at $5.2 Breakout—Crypto Whales Are Circling

XRP just painted a textbook cup-and-handle formation—and one crypto millionaire is betting big on a $5.2 surge.

The Setup:

After months of sideways action, the sixth-largest crypto by market cap carved out a near-perfect bullish continuation pattern. Traders are now eyeing the $5.2 resistance level like hawks.

Why It Matters:

Break this key level, and XRP could moon. Fail, and it joins the graveyard of 'next-big-thing' alts that got rekt by impatient bagholders. (Looking at you, 2017 ICO projects.)

The Catalyst:

On-chain data shows a single whale accumulating XRP aggressively—because nothing moves markets like a rich person's gut feeling.

Bottom Line:

Either we're witnessing the prelude to a generational pump… or another reminder that TA is just astrology for finance bros.

TLDR

• XRP forms a cup and handle pattern during the weekly timeframe, signaling a possible bullish reversal.
• The asset recently reached $2.93 and is approaching the critical resistance level around $3.00.
• Crypto millionaire Gordon has identified this pattern and set a breakout target of $5.2.
• The pattern began forming in January and strengthened after XRP bottomed at $1.6401 in April.
• Strong buying pressure and renewed market interest are supporting the ongoing bullish structure.

XRP is approaching a critical technical level that could determine its short-term and long-term direction. The asset recently gained strong momentum on the weekly chart, and a potential breakout may be forming. A prominent crypto investor has highlighted a classic bullish pattern pointing to a possible move toward $5.2.

XRP Forms Cup and Handle Pattern

The weekly chart of XRP is shaping a clear cup and handle pattern that began forming earlier this year. The structure displays a rounded base that formed after XRP dropped sharply to $1.6401 in April. Since then, the asset has steadily climbed and is now testing the resistance zone NEAR $3.00.

https://twitter.com/AltcoinGordon/status/1944284912128819291

The setup indicates a possible bullish reversal, with price consolidating below a key neckline. The pattern typically includes a correction forming the handle after testing resistance. A confirmed breakout past this area could open the way toward higher targets.

XRP currently trades at $2.93, staying just below the neckline. Market watchers expect a brief pullback before a potential breakout. This pullback WOULD complete the handle portion of the pattern, strengthening the signal.

Analyst Predicts Breakout Toward $5.2

Gordon, a known crypto millionaire and technical analyst, shared a chart suggesting the breakout could push XRP to $5.2. His analysis shows the neckline is forming near $3.00, a level the asset is now approaching. He believes a breakout above this point could trigger the next wave upward.

The cup formation started after XRP hit a multi-year high of $3.39 in January. Following that peak, XRP lost momentum as market sentiment weakened during February. Price bottomed in April and has since built strong support over recent months.

The analyst’s projection relies on historical breakout behavior linked to similar weekly chart patterns. Weekly timeframes often provide more reliable setups, as they reflect longer-term sentiment. Breakouts from such patterns tend to show sustained follow-through in both volume and price.

Buying Pressure Builds on XRP Weekly Chart

XRP’s recent rise aligns with a broader recovery in the crypto sector and growing institutional interest. Ripple has continued to expand its integrations and partnerships, adding strength to the underlying asset. These developments may provide external support if price attempts to clear resistance.

Weekly performance shows consistent buying pressure, increasing confidence in the pattern’s formation. Volume patterns and price consistency validate the technical setup. XRP remains near a breakout zone that, if confirmed, could lead to new yearly highs.