$XRP BREAKOUT BREWING Cup & Handle Formation in Play!
$XRP /USDT is shaping a classic Cup & Handle pattern on the 4H chart, signaling a potential bullish breakout.
After rebounding from the $2.00 major low, $XRP climbed back toward the key resistance zone at $2.47 – $2.50. Price is now consolidating just under resistance, preparing for a breakout move. The structure suggests strong bullish intent, especially if $2.50 is flipped into support.
Key Zones:
Resistance: $2.47 – $2.50
Support: $2.28 – $2.30
🎯 Trade Setup:
Entry: On confirmed breakout above $2.50
TP1: $2.70 (local extension)
TP2: $2.83 (pre-breakdown level)
TP3: $2.98 (major high)
💡 Stop-Loss: Below $2.28 to minimize downside risk.
