XRP is trading near a key level as crypto analyst Steph Is Crypto identifies a cup-and-handle pattern on the daily chart and projects a potential move toward $2.50. The analysis comes as XRP continues to trade below $1.50. This leaves traders watching closely for signs that the current consolidation could lead to a larger price move.
In a post on X, Steph Is Crypto wrote, “cup and handle pattern. Price Target: $2.50,” alongside a chart showing XRP’s price action from April through September.
The chart places the cup-and-handle formation across several months of trading. XRP initially declined from the $1.50 area and below $1.00 in August before recovering sharply. The price then moved back toward the $1.50 region before pulling lower and forming what the analyst identifies as the handle.
The chart currently shows XRP around $1.29, with the pattern’s upper boundary near $1.50. Steph Is Crypto projects that a successful move above this area could take XRP toward $2.50.
$XRP cup and handle pattern.
Price Target: $2.50 pic.twitter.com/amMQtoP6CZ
— STEPH IS CRYPTO (@Steph_iscrypto) September 14, 2026
Chart Shows $1.50 as Key Level
The chart’s technical setup focuses on XRP reclaiming the formation’s upper boundary. The chart uses a curved structure to represent the cup, followed by a smaller decline and recovery that forms the handle.
The projected move extends significantly above the current trading range. From the approximately $1.38 level shown on the chart, a move to $2.50 would be a substantial price increase.
However, the analyst’s chart presents the $2.50 figure as a technical price target rather than a guaranteed outcome. XRP would first need to overcome the resistance area around $1.50 and sustain the move for the pattern to develop as projected.
Traders Raise Questions About Upcoming Events
The comments under the post also show that some traders remain cautious about relying solely on technical patterns. One commenter, Raj, referenced the September 15 vote and an expected rate decision on Wednesday, saying that such events could make market movements difficult to predict regardless of chart formations.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Another commenter, Cassator Corp., took a more optimistic view of the target, saying reaching $2.50 would make XRP’s recent limited price movement easier to tolerate.
OKG Studio took a more skeptical position, noting that XRP holders have used cup-and-handle formations for years without the anticipated move materializing.
Steph Is Crypto’s analysis therefore focuses on whether XRP can break above the pattern’s upper boundary. For now, the chart identifies $2.50 as the potential target, while upcoming market and policy developments could influence whether the projected setup plays out.
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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