CandleFocus Here’s XRP Breakout Target as XRP Secures Daily Cup and Handle Pattern
2025-02-22
Author: Content Editor
According to analyst Thom Sieloff, XRP has formed a cup and handle pattern on the daily timeframe. XRP has been consolidating around the $2.4 to $2.7 range since dropping from a high of $2.83 on February 15. Sieloff believes that this consolidation phase is part of a broader market structure that began when XRP collapsed from its previous highs above $3 in early February. The recent pullback and consolidation have formed the handle pattern of the cup and handle structure, with resistance around the $2.7 mark. Sieloff's AI chatbot Grok predicts that XRP could rally by 25.37% from the breakout point at $2.68, potentially reaching a price of $3.36. Currently, XRP is trading at $2.56. Market analyst Polly expects a run to $6 this month once a recovery push occurs.
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