What to Know:
- XRP is showing bullish signals, with traders targeting a potential $5 valuation.
- Technical analysis highlights cup-and-handle patterns and consolidation phases that could lead to a breakout.
- Upcoming market events, including the launch of a spot XRP ETF, may further influence price action.
XRP is currently trading around $2.38, and several technical indicators suggest a potential surge toward $5. Chart patterns, market consolidation, and upcoming ETF launches are contributing to the positive outlook. Investors and traders are closely monitoring these developments for opportunities.
Technical analysts have identified a classic cup-and-handle pattern on XRP’s 3-day timeframe, a structure often seen before a significant breakout. The completion of this pattern could pave the way for a move toward the $5 target. Additionally, a larger consolidation-expansion cycle indicates that XRP may be nearing the end of its sideways trading phase, setting the stage for an upward move.
BREAKING: $XRP chart shows a classic cup-&-handle setup pointing to a $5 target by year-end. pic.twitter.com/kU37qXUBSU
— Levi | Crypto Crusaders (@LeviRietveld) November 12, 2025
Short-term analysis reveals a mirrored pattern on the 4-hour chart, with support levels between $2.30 and $2.50 and resistance areas near $2.80 and $3.00. Overcoming these resistance levels could lead to further gains, with a potential target at the 1.414 Fibonacci extension around $4.38. Market reaction to Bitcoin’s trend and maintaining support at $2.41 will be crucial in the short term.
Adding to the bullish sentiment, XRP’s CVD has turned positive for the first time in months, historically preceding rallies. The launch of the first US-based spot XRP ETF by Canary Capital on November 13 is also expected to provide further exposure and potentially drive demand for XRP. These factors collectively contribute to the positive outlook for XRP.
As XRP navigates these technical and market developments, traders and investors should remain vigilant and informed. Monitoring key support and resistance levels, as well as staying updated on regulatory news and ETF launches, will be essential for making informed decisions in the XRP market.
Source: Original article
