Cryptocurrency

Analyst: XRP Cup & Handle Pattern Emerges To Clear Path For 206% Rally to $1.88

Notable crypto analyst Dark Defender (@DefendDark) has drawn attention to a cup and handle pattern forming on the XRP daily chart. This pattern has been forming for months, and the analyst has set short-term targets that could reach as high as $1.88.

A cup and handle pattern is a technical analysis formation in financial charts, indicating a bullish trend reversal. It consists of a rounded bottom (cup) followed by a consolidation period (handle). The pattern suggests potential upward price movement, with a breakout typically occurring at the handle’s resistance level.

Analyst: XRP Cup & Handle Pattern Emerges To Clear Path For 206% Rally to $1.88Analyst: XRP Cup & Handle Pattern Emerges To Clear Path For 206% Rally to $1.88
Source: @DefenderDark/X

Read Also: XRP Price Abruptly Surged To $247 On CryptoCom Exchange, Sparking Speculation Among Pundits

The price surge following Judge Torres’s July ruling in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple began the cup formation. This ruling was a major win for Ripple and the XRP community, as non-institutional sales of XRP were declared non-security offerings.

Subsequently, XRP experienced a correction, dropping to a low of $0.4580 in September. However, the bulls remained resilient, defending this support level, and XRP surged in early November, completing the second section of the cup.

The handle of the cup has been forming since November, and Dark Defender acknowledges the possibility of a breakdown below the current support of $0.6044, potentially extending to the next support at $0.5286.

However, he emphasizes that this would not be an ideal outcome for XRP’s trajectory. Instead, the asset needs to record two more intraday closes above the $0.6044 support to maintain its upward momentum.

Read Also: XRP Price Abruptly Surged To $5,791 On Binance. Pundits Speculate On Likely Cause

Despite this minor concern, Dark Defender remains confident in XRP’s bullish prospects. He maintains his short-term price targets of $1.05 and $1.88, which could be achieved if XRP surpasses resistance levels at $0.6649, $0.7312, and $0.7721.

At the time of press, XRP is trading at $0.6132, with a 2.94% increase in 24 hours. XRP will need to add 206% to reach the target of $1.88. The cup and handle pattern, along with Dark Defender’s analysis, paints a favorable outlook for XRP in the short term.

Investors should closely monitor XRP’s price action and await confirmation of a breakout above the $0.6044 support level to validate the potential rally.

Although some community members doubt Dark Defender’s analysis, he was met with many favorable responses, with XRP enthusiasts looking forward to this move to $1.88. However, $1.88 may not be the end, as Dark Defender had once predicted a move to $5.85 for XRP.


Follow us on Twitter, Facebook, Telegram, and Google News

Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

Recent Posts

XRP Market Cap Myth Exposed: Expert Analyzes Price Path to $33

Zach Rector, a well-respected crypto expert, has put forward an argument that disrupts conventional thinking…

42 minutes ago

Bitcoin and Ethereum Could Fall Another 30%, Here’s Where Investors Are Finding Gains Amid Market Uncertainty

Volatility in the cryptocurrency market is rising, with Bitcoin and Ethereum facing intensified selling pressure.…

43 minutes ago

XRP Goes Official, LINK Locks in DeFi, and BitLemons Gambles Its Way to the Top—Who’s the Smart Bet?

By Chainfocus on March 11, 2025 I Market Insights The cryptocurrency market has never been…

44 minutes ago

Mutuum Finance Moves into Phase 3, While Solana Faces an Uncertain Market

As Solana (SOL) wrestles with erratic price shifts, Mutuum Finance (MUTM) is forging ahead, reaching…

1 hour ago

Analyst Predicts 1000% XRP Price Rally If Bitcoin Hits This Price Milestone

In a recent X post, crypto analyst Egrag Crypto expressed a bullish outlook on the…

2 hours ago

This Altcoin Has Been Nicknamed XRP 2.0 And Experts Believe It Can Rally Over 1500x

The cryptocurrency market shows excitement about XRP 2.0 as an alternative token because it could…

2 hours ago