XRP Shows Resilience Amid Cup-and-Handle Pattern

XRP continues to capture attention as it navigates through a volatile market, demonstrating strength despite recent fluctuations. The focus keyword XRP sets the tone for what could be a pivotal moment for the cryptocurrency, driven by technical indicators and reinforced by recent legal clarity.

Following a pullback from an intraday peak of $3.32, XRP found solid support at $3.13, bouncing back to trade near $3.23, representing a 1.32% gain over the past 24 hours. This recovery comes in the wake of profit-taking and institutional selling, which tested but did not breach critical support levels. A tight resistance ceiling has formed at $3.27, enclosing XRP in a defined short-term price band.

One of the primary catalysts for renewed interest in XRP lies in its surging volume, fueled by a remarkable 208% increase to $12.4 billion after the settlement of the legal battle between Ripple and the SEC. This conclusion has significantly alleviated regulatory uncertainties, offering a more predictable environment for traders and investors alike.

Technical analysis adds further intrigue. A prominent analyst, Patrick L. Riley, has identified a classic cup and handle formation that has been evolving over the past nine months. This bullish structure is known for its predictive potential of a rally, contingent on a breakout beyond the $3.30–$3.40 resistance band with strong volume confirmation.

Riley anticipates a third significant breakout by September 1, a projection rooted in the strength of the pattern and supported by improving momentum indicators. Increasing lows, moving average convergence, and a resilient RSI all support a bullish scenario for XRP going forward. These indicators mirror earlier breakout phases witnessed in 2025, substantiating his outlook.

Beyond technicalities, XRP’s fundamentals are also contributing to its promising setup. Ripple continues to develop the XRP Ledger, enhancing its utility and adoption within both retail and enterprise environments. The boost in developer activity and real-world integration of Ripple’s payment infrastructure are creating a more robust ecosystem, which in turn fuels investor confidence.

Looking toward future price action, historical cycles suggest that if XRP closes above the $3.40 threshold with conviction, the digital asset could aim for price targets between $4 and $5. In more optimistic conditions, particularly if momentum favors buyers, even higher valuations are within the realm of possibility.

Nevertheless, caution remains paramount. Failed breakout attempts or macroeconomic headwinds could dampen momentum, resulting in prolonged consolidation. For now, traders are keeping a close eye on whether XRP can definitively close above the neckline of its cup and handle formation while supported by meaningful volume.

Related: XRP Price: $12M Max Pain for Bears

With just weeks remaining before the projected breakout window, all eyes are on XRP as it stands at a potential inflection point. As patterns align and sentiment improves, XRP may be poised to deliver one of its most notable rallies of the year.