Analyst Spots XRP Cup and Handle Formation, Sets Price Target
XRP has captured attention with a chart formation signaling significant upward potential. Crypto analyst Steph Is Crypto (@Steph_iscrypto) drew attention to a cup and handle pattern on the monthly XRP/USD chart from Bitstamp.
This pattern is generally considered a bullish continuation signal. According to Steph, this pattern could send XRP to double digits once it plays out.
The chart depicts a prolonged consolidation period from 2021 through 2024, followed by a massive breakout at the end of that year and subsequent pullback forming the handle.
This setup suggests a potential acceleration in XRP’s price once the breakout point near $3.65 is confirmed. Steph’s analysis reinforces that the asset remains positioned for considerable gains if market momentum aligns with the technical formation.
$XRP Cup and Handle formation.
Price target: $30 pic.twitter.com/skNiWldVmW
— STEPH IS CRYPTO (@Steph_iscrypto) February 26, 2026
Technical Structure Points to Upside
The cup and handle formation shows a rounded bottom followed by a smaller retracement. The cup extends from early 2021 to late 2024, in which XRP consolidated near the $0.30-$0.80 range. The subsequent upward movement in 2023 established a higher peak close to $3.20, forming the cup’s right side.
Following this move, XRP experienced another notable climb, reaching a new all-time high of $3.65 in July 2025. However, the handle formation pulled it down, and the asset currently trades near $1.4 after an extended consolidation phase. XRP is now testing the bottom of the handle formation, and a quick breakout toward the neckline could kickstart the asset’s next move.
Where is XRP Going Next?
The chart’s monthly timeframe adds weight to the potential breakout. Larger timeframes generally filter out short-term noise, emphasizing sustained trends. XRP’s consolidation and subsequent handle formation show a clear base of support, reducing the likelihood of immediate downside.
XRP’s technical setup suggests it remains strong to test higher levels. Immediate resistance lies near $3.65, with support around $1.50 to $1.80. The cup and handle formation supports a bullish trajectory if the breakout is confirmed. Steph’s analysis positions XRP for a substantial upward move targeting $30.
The combination of a clear pattern, defined support levels, and a concrete price target makes this setup one of the most closely watched formations for XRP. If the breakout aligns with market momentum, XRP could experience accelerated gains, positioning it for a strategic path toward $30.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why suspend RMPs? Explanation from New York Fed SOMA Manager Perli
"Agent vs US Treasury" — Who Will Dominate the US Stock Market?
The wave of AI Agents and US Treasury yields are splitting the US stock market into two worlds: Meta's release of the Muse model boosted its market value by $220 billion in a single week, propelling the Nasdaq's standout performance; however, excluding AI stocks, the S&P 500 actually fell 1% this week, with the number of new lows on the New York Stock Exchange surpassing new highs for nine consecutive days, signaling the near end of "breadth trading." Goldman Sachs bluntly stated that this is a "frustrating cat-and-mouse game" between the stock market and interest rates—any breakout can be snuffed out by the bond market at any time, so equity holders must short US Treasury bonds to hedge simultaneously.
Hopes for a ceasefire between the US and Iran encounter obstacles again! Trump rejects Iran's seven-day proposal; inflation pressure under $100 oil prices remains difficult to ease
Trump rejects a ceasefire with Iran, and it is expected that bombings will occur again after the midterm elections. The president doubts whether Tehran will meet his demands.
Tesla ramps Optimus production 10-fold but robot hands are holding Elon back
Crypto prices
More
