XRP's Historic Cup Formation Sets Stage for Potential Rally to Double Digits

Technical analyst Dark Defender recently mapped out an ambitious long-term thesis for XRP, identifying a textbook cup and handle pattern that has been forming since 2014. The structure spans over a decade of price consolidation, and the setup now points to explosive upside targets if key resistance levels hold firm.

Understanding the Cup and Handle Setup

The cup and handle pattern represents one of the most recognizable bullish formations in technical analysis. In XRP’s case, the left side of the cup emerged from the strong 2017 rally and subsequent correction. What followed was a multi-year accumulation phase lasting several years, which carved out the rounded base—the critical foundation of this setup.

The right side took shape as XRP recovered and moved back toward the resistance line around $1.90. The handle formed following the 2021 peak, when the asset entered a prolonged downtrend. However, a dramatic shift occurred in late 2024, when XRP surged more than 500%, positioning itself above the neckline resistance and triggering renewed bullish interest.

Price Targets Anchored to Fibonacci Levels

Dark Defender’s analysis leverages Fibonacci extensions tied to the cup’s depth to project upside targets. Using this mathematical approach, the pattern suggests three key price objectives:

• $5.85 (261.8% Fibonacci extension)
• $18.22 (361.8% Fibonacci extension)
• $36.76 (423.6% Fibonacci extension)

These levels represent potential areas where XRP could stabilize on its way higher, assuming the breakout above resistance sustains momentum.

Support Zones and Current Positioning

The analyst identified critical support levels at $1.88 and $2.10, which align closely with the $1.90 resistance line. These zones serve as tactical areas where buyers might defend the trend and prevent a breakdown. At the time of analysis, XRP was trading near $2.10, positioned just above key resistance and showing signs of consolidation before a potential move higher.

Why This Pattern Matters

The extended consolidation that built the cup base suggests institutional and retail accumulation over years. This controlled sideways action, combined with the recent 500% spike in late 2024, indicates that large holders may be positioning ahead of a major breakout. If the pattern holds and XRP sustains above the neckline resistance, the path to double-digit prices becomes increasingly plausible in the coming cycles.

Current XRP price stands at $1.85, maintaining proximity to key technical levels. Traders and investors remain focused on whether this historic cup formation will trigger the bullish targets outlined in the analysis.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.