Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Genius Act votes on May 19: Will the US finally regulate Stablecoins?

2025-05-17

Jan 2024 SECs x Account Hacker received 14 months in prison for cyber fraud

2025-05-17

The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

2025-05-17
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17

    Top 5 block chains due to 7-day growth in active addresses and transactions

    2025-05-17

    SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

    2025-05-17

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17
  • NFT

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14

    The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cup and handle pattern indicates a 208% upside in the short term
Altcoins

Cup and handle pattern indicates a 208% upside in the short term

2023-11-21No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In a new technical analysis, crypto analyst Dark Defender has identified a bullish ‘Cup and Handle’ pattern on the XRP daily chart, indicating the potential for substantial gains. The pattern, characterized by a ‘cup’ that resembles a rounded bottom and a ‘handle’ that indicates a slight downtrend, suggests a continuation of an uptrend.

Dark defender notes, “XRP formed a cup & handle pattern on the daily time frame. We set targets at $1.05 and $1.88 with the Elliott Waves, and now the Cup-Handle pattern is also flashing with XRP to hit the targets.”

Cup & Handle pattern indicates a 208% rally in the short term

The cup formation, which began in July and extended through October, peaked around $1.05, a critical resistance level. The XRP price then fell by around 52%, perfectly in line with the classic setup. The correction from the top of the cup to the bottom is ideally a maximum of 50%.

The subsequent handle has formed a resistance zone between $0.75 and $0.6649, which is approximately a 20% retracement from the top of the cup. Specifically, the pattern suggests a bullish continuation, with the ‘cup’ representing a period of consolidation followed by a breakout, while the ‘handle’ represents a smaller pullback before the price continues to rise.

XRP Price Analysis
XRP Price Analysis, 1 Day Chart | Source: X @DefendDark

Within the chart, Dark Defender shows key support and resistance levels that are crucial for this pattern to hold. The handle portion of the pattern has potential support at $0.5286, which Dark Defender has indicated should not be interrupted by a close below the primary support at $0.6044 for two consecutive days to maintain the bullish outlook.

See also  Cup And Handle Pattern Emerges In XRP Chart: What Does It Mean?

Currently, the chart shows XRP trading above these support levels, with resistance looming overhead. The next significant resistance is spotted within the handle formation, marked at $0.6649. A decisive break above this level could confirm the predicted outcome of the pattern and put XRP on its upward trajectory towards the mentioned price targets.

Elaborating on the handle’s potential moves, the analyst states: “Can the handle be extended to $0.5286 Support? We have yet to close below the primary support at $0.6044 for two days in a row. So the answer at the moment is No.” However, he also added: “The main structure is still in place and XRP is expected to reach $1.05 and $1.88 in the near term.”

XRP price is facing stiff resistance

The XRP price is currently facing another crucial resistance when performing a Fibonacci retracement level analysis on the 1-day chart. Last Thursday, XRP price fell below the Fibonacci level of 0.382 at $0.6275 and has not been able to close above this key resistance on a daily basis since.

Furthermore, the XRP price is sandwiched between the 20-day and 50-day Exponential Moving Average (EMA), between $0.6234 and $0.5919. For the bullish scenario to take place, the price must overcome both the 20-day EMA and the 0.382 Fibonacci level. If this happens, Dark Defender’s bullish forecast could move a little closer.

XRP price
XRP is hovering below 0.382 Fib, 1-day chart | Source: XRPUSD on TradingView.com

Featured image from iStock, chart from TradingView.com



Source link

Cup handle pattern Short term Upside
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Genius Act votes on May 19: Will the US finally regulate Stablecoins?

2025-05-17

Pi’s 4-week rally threatened what will decide if $ 0.30 is the next one

2025-05-17

Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

2025-05-17

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

2025-05-17
Add A Comment

Comments are closed.

Top Posts

FVCKRENDER Drops Evolving NFT ‘FLUX’ on Base

2023-08-30

24 hours in Telegram with the wildest NFT cult

2024-08-28

The backlash against Ledger’s “Recovery” service continues

2023-05-25
Editors Picks

Mapping the price of Polkadot – navigating through key resistance zones, risk of price revenue

2025-04-23

Bitcoin prize prediction this week research into the next step of BTC

2025-02-17

Top Crypto Strategist Issues Bitcoin Warning, Says BTC Flashing Vibes of 2018 Bear Market Collapse

2022-10-18

Sofi CEO says bank to reduce crypto investments after Trump has activated the shift in the regulation landscape: report: report

2025-04-29
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Genius Act votes on May 19: Will the US finally regulate Stablecoins?

Jan 2024 SECs x Account Hacker received 14 months in prison for cyber fraud

The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,305.640.04%
  • ethereumEthereum(ETH)$2,480.81-0.40%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.360.67%
  • binancecoinBNB(BNB)$642.150.27%
  • solanaSolana(SOL)$166.890.16%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216196-0.47%
  • cardanoCardano(ADA)$0.74-0.48%
  • tronTRON(TRX)$0.2721170.89%
  • suiSui(SUI)$3.780.96%
  • chainlinkChainlink(LINK)$15.39-0.25%
  • avalanche-2Avalanche(AVAX)$22.24-1.60%
  • stellarStellar(XLM)$0.286960-0.55%
  • hyperliquidHyperliquid(HYPE)$26.26-3.44%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.80-1.60%
  • hedera-hashgraphHedera(HBAR)$0.191560-0.58%
  • bitcoin-cashBitcoin Cash(BCH)$395.710.39%
  • the-open-networkToncoin(TON)$3.081.04%
  • litecoinLitecoin(LTC)$96.69-2.25%
  • polkadotPolkadot(DOT)$4.62-1.01%
  • moneroMonero(XMR)$339.100.91%
  • bitget-tokenBitget Token(BGB)$4.980.78%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000012-1.58%
  • piPi(PI)$0.70-0.61%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$421.480.27%
  • uniswapUniswap(UNI)$5.74-3.15%
  • aaveAave(AAVE)$221.91-1.62%
  • nearNEAR Protocol(NEAR)$2.70-1.79%
  • aptosAptos(APT)$5.07-1.37%
  • okbOKB(OKB)$53.230.43%
  • ondo-financeOndo(ONDO)$0.920.49%
  • kaspaKaspa(KAS)$0.109793-4.36%
  • ethereum-classicEthereum Classic(ETC)$18.14-1.21%
  • internet-computerInternet Computer(ICP)$5.17-0.09%
  • gatechain-tokenGateToken(GT)$21.630.35%
  • crypto-com-chainCronos(CRO)$0.097666-0.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.752.40%
  • mantleMantle(MNT)$0.73-0.90%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2321420.15%
  • vechainVeChain(VET)$0.027783-0.62%
  • render-tokenRender(RENDER)$4.540.69%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • ethenaEthena(ENA)$0.355060-8.76%
  • filecoinFilecoin(FIL)$2.80-0.77%
  • algorandAlgorand(ALGO)$0.216194-1.04%
  • cosmosCosmos(ATOM)$4.720.11%
  • bitcoinBitcoin(BTC)$103,305.640.04%
  • ethereumEthereum(ETH)$2,480.81-0.40%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.360.67%
  • binancecoinBNB(BNB)$642.150.27%
  • solanaSolana(SOL)$166.890.16%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216196-0.47%
  • cardanoCardano(ADA)$0.74-0.48%
  • tronTRON(TRX)$0.2721170.89%
  • suiSui(SUI)$3.780.96%
  • chainlinkChainlink(LINK)$15.39-0.25%
  • avalanche-2Avalanche(AVAX)$22.24-1.60%
  • stellarStellar(XLM)$0.286960-0.55%
  • hyperliquidHyperliquid(HYPE)$26.26-3.44%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.80-1.60%
  • hedera-hashgraphHedera(HBAR)$0.191560-0.58%
  • bitcoin-cashBitcoin Cash(BCH)$395.710.39%
  • the-open-networkToncoin(TON)$3.081.04%
  • litecoinLitecoin(LTC)$96.69-2.25%
  • polkadotPolkadot(DOT)$4.62-1.01%
  • moneroMonero(XMR)$339.100.91%
  • bitget-tokenBitget Token(BGB)$4.980.78%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000012-1.58%
  • piPi(PI)$0.70-0.61%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$421.480.27%
  • uniswapUniswap(UNI)$5.74-3.15%
  • aaveAave(AAVE)$221.91-1.62%
  • nearNEAR Protocol(NEAR)$2.70-1.79%
  • aptosAptos(APT)$5.07-1.37%
  • okbOKB(OKB)$53.230.43%
  • ondo-financeOndo(ONDO)$0.920.49%
  • kaspaKaspa(KAS)$0.109793-4.36%
  • ethereum-classicEthereum Classic(ETC)$18.14-1.21%
  • internet-computerInternet Computer(ICP)$5.17-0.09%
  • gatechain-tokenGateToken(GT)$21.630.35%
  • crypto-com-chainCronos(CRO)$0.097666-0.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.752.40%
  • mantleMantle(MNT)$0.73-0.90%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2321420.15%
  • vechainVeChain(VET)$0.027783-0.62%
  • render-tokenRender(RENDER)$4.540.69%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • ethenaEthena(ENA)$0.355060-8.76%
  • filecoinFilecoin(FIL)$2.80-0.77%
  • algorandAlgorand(ALGO)$0.216194-1.04%
  • cosmosCosmos(ATOM)$4.720.11%