$XRP XRP Target Could Be $15 If This Pattern Is In Play, Analyst Says

XRP could be gearing up for a major price surge, according to a prominent crypto analyst who points to a classic technical pattern signaling a potential breakout. The analyst suggests that if the bullish "cup and handle" formation currently developing on the charts completes as expected, XRP could target the $15 level — a massive increase from its current price.

The "cup and handle" is a time-tested pattern in technical analysis, often indicating the continuation of an uptrend. In XRP’s case, the rounded "cup" appears to have formed over a multi-year period, and the market may now be entering the final "handle" phase. If the pattern plays out, it could result in a parabolic move upward, driven by renewed investor interest and momentum.

This bullish projection comes amid a broader resurgence in the crypto market, with growing optimism around Ripple's legal position and increased institutional interest in XRP. The analyst cautions, however, that this pattern remains speculative until confirmed by a decisive breakout above key resistance zones.

Still, with XRP showing resilience and steady accumulation, the possibility of a $15 target is gaining traction among bullish traders. As always, investors are advised to do their own research and manage risk appropriately.