XRP Chart Shows Classic Cup-&-Handle Setup: Analyst Sets Timeline for $5

The price chart of XRP is drawing renewed attention as it appears to form a textbook bullish consolidation pattern. Technical analysts are suggesting that if the breakout materializes, the projected target could lift XRP toward $5 by year‑end. According to analyst Levi Rietveld, the 3‑day chart of XRP is currently shaping a classic “cup‑and‑handle” formation , one of the most favored bullish setups in technical analysis. Rietveld’s analysis underpins the hypothesis that from the current $2.42 level, the pattern may mature into a breakout that leads to the suggested $5 target. Anatomy of the Pattern The “cup‑and‑handle” consists of two distinct parts: a rounded “cup” base followed by a smaller consolidation forming the “handle”. According to technical research, the cup reflects a gradual accumulation phase while the handle signals a brief consolidation before a breakout. Key validation criteria include a smooth, U‑shaped trough, the handle forming near the top of...

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