XRP is now forming the handle on a very nice cup-and-handle pattern on the daily chart, starting at the previous all-time high set on January 16th, 2025.
But this pattern isn’t all sunshine and rainbows. The price of XRP could drop down into the $2.50 range—toward the bullish fair value gaps I’ve outlined at the bottom of the handle—before making any credible gains or a major breakout to higher levels.
I do believe we’ll see much higher prices in XRP in the coming years as we continue moving into the new global digital financial system. However, for this pattern to fully play out, there will likely be some pain before the pleasure.
I’d keep a close eye on the pink area marked on the charts—spanning from August 23rd through September 8th—as a potential zone for bearish price action.
Luckily for me, my XRP bags have been filled since before the Trump election pump, so I don’t personally need to buy more—unless I see a clear buying opportunity.
Good luck, everyone!
But this pattern isn’t all sunshine and rainbows. The price of XRP could drop down into the $2.50 range—toward the bullish fair value gaps I’ve outlined at the bottom of the handle—before making any credible gains or a major breakout to higher levels.
I do believe we’ll see much higher prices in XRP in the coming years as we continue moving into the new global digital financial system. However, for this pattern to fully play out, there will likely be some pain before the pleasure.
I’d keep a close eye on the pink area marked on the charts—spanning from August 23rd through September 8th—as a potential zone for bearish price action.
Luckily for me, my XRP bags have been filled since before the Trump election pump, so I don’t personally need to buy more—unless I see a clear buying opportunity.
Good luck, everyone!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.