TLDR
- XRP has formed a cup and handle pattern that signals a potential breakout.
- The cup formation began after the February decline and completed with a rise in July.
- XRP reached a new high of $3.65 in July before facing renewed bearish pressure.
- The handle formation developed in August as the price dropped below the $3 support level.
- XRP is currently trading near $2.80 which analysts view as a crucial support point.
XRP has presented a notable technical setup after months of consolidation. The digital asset has now completed a classic pattern. Analysts point to the “cup and handle” structure forming on XRP charts, signaling potential upside movement.
The pattern began to take shape following XRP’s decline in February. Price pressures emerged after tariff policies weighed on broader financial markets. Consequently, XRP slipped below the $3 mark and maintained weakness for several months.
By April, XRP recorded its lowest point in 2025. Yet, the asset gradually regained strength and formed the rounded base of the cup. This steady buildup culminated in July when XRP reached a new high of $3.65.
XRP Holds Crucial Support Ahead of Breakout
After July’s rally, XRP encountered renewed selling pressure. The asset then lost the $3 support in early August and entered consolidation. This decline shaped the handle portion, finalizing the technical formation on the chart.
Steph Is Crypto (@Steph_iscrypto) shared analysis on this structure. He emphasized the consolidation phase, noting, “The handle shows preparation for a decisive breakout.” This stage typically signals short-term weakness before long-term momentum returns.
#XRP Cup and Handle! 👇 pic.twitter.com/pECeBwiwCQ
— STEPH IS CRYPTO (@Steph_iscrypto) August 31, 2025
At present, XRP trades near $2.80. Market observers highlight this level as key support within the handle structure. A rebound from this level could confirm the breakout conditions implied by the chart.
Breakout Projection and Potential Target
Technical analysis provides measurable targets once a cup and handle breakout occurs. The depth of the cup often defines the potential upside. Analysts apply this distance from the neckline to estimate future resistance levels.
In this case, Steph’s chart indicates XRP could advance toward $7. That projection implies a possible 150% increase from current prices. However, XRP price must first overcome several resistance levels before achieving such momentum.
The structure suggests resilience despite recent declines. XRP must close above the handle to confirm a bullish continuation. If successful, the breakout could reinforce strong upward momentum across broader trading markets.
