XRP continues to hold above key support after months of consolidation, while one analyst believes the asset is preparing for a major breakout phase.
Data analyst and financial chartist Celal Kucuker (@CelalKucuker) recently shared a long-term XRP chart outlining a large cup and handle formation, along with a projected move beyond $12.
In his post, Kucuker stated, “A 1.61 Fib revisit will come. $XRP will trade above $12.” His chart maps XRP’s structure from 2023 into 2027 and highlights several technical levels that could shape the next stage of price action.
The best Ripple chart.
Cup and handle formation.
A 1.61 Fib revisit will come.$XRP will trade above $12. pic.twitter.com/jy0Pdd0jIB— Celal Kucuker (@CelalKucuker) May 12, 2026
Can XRP Break Out of Descending Resistance?
The chart shows XRP recovering after a lengthy corrective phase that followed the rally toward $3.65 in July 2025. During the correction, XRP formed a descending resistance trendline while establishing a rounded bottom structure. That rounded formation now appears to resemble the right side of a cup pattern.
XRP is about to push through the descending trendline near $1.45. The asset recently rebounded from the 0.382 Fibonacci retracement level around $1.10. According to the chart, that region served as the handle low before momentum shifted upward again.
XRP Eyes Return to $3.65
Kucuker’s chart places a strong focus on the 1.0 Fibonacci extension near $3.65. XRP previously reached that level before entering consolidation. The current setup suggests the analyst expects another test of that area once bullish continuation confirms.
The blue projection on the chart measures a potential 225.15% move from the handle low toward the previous peak near $3.65. XRP now trades around $1.45, meaning the asset still has significant room before revisiting that resistance zone.
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Fibonacci Levels Show Key XRP Targets
Beyond $3.65, the chart outlines several Fibonacci extension levels that may act as future resistance targets. The 1.272 extension sits near $6.18, while the 1.414 extension appears near $8.15. The most important level in Kucuker’s analysis remains the 1.618 Fibonacci extension near $12.10.
That level appears prominently marked on the chart. Kucuker also circled the 1.618 extension area, reinforcing its importance in the overall setup. The green projection path on the chart suggests XRP could rally sharply after reclaiming the previous high, then continue climbing toward the $12 region during the next expansion phase.
A breakout above the descending trendline will place attention on whether XRP can maintain strength above the $1.40 to $1.45 zone. Doing this will help it build momentum toward the previous high near $3.65 and the $12 target.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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