A cup and handle pattern is beginning to form on the 8-hour chart for XRP. This bullish structure is usually seen before an upward breakout. The handle formed as XRP experienced a correction of approximately 7% from its peak on February 25th, creating a price stagnation zone. This pattern is now defining the key levels ahead. As long as XRP remains above $1.38, the bullish structure remains intact. A drop below this level would weaken the momentum. A drop below $1.31 would completely invalidate the bullish pattern. On the upside, XRP must first surpass $1.42 to confirm the handle breakout. The truly critical breakout level is $1.52, near the neckline of the cup and handle pattern. If XRP rises above $1.52, the technical projection could target approximately $1.71 (around the $1.70 region). If the breakout is stronger, the move could extend to $1.86 depending on the neckline breakout. For now, the sharp drop in XRP may have led to an unexpected outcome. This process seems to have structurally strengthened the asset rather than weakening it.
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A cup and handle pattern is beginning to form on the 8-hour chart for XRP. This bullish structure is usually seen before an upward breakout. The handle formed as XRP experienced a correction of approximately 7% from its peak on February 25th, creating a price stagnation zone. This pattern is now defining the key levels ahead. As long as XRP remains above $1.38, the bullish structure remains intact. A drop below this level would weaken the momentum. A drop below $1.31 would completely invalidate the bullish pattern. On the upside, XRP must first surpass $1.42 to confirm the handle breakout. The truly critical breakout level is $1.52, near the neckline of the cup and handle pattern. If XRP rises above $1.52, the technical projection could target approximately $1.71 (around the $1.70 region). If the breakout is stronger, the move could extend to $1.86 depending on the neckline breakout. For now, the sharp drop in XRP may have led to an unexpected outcome. This process seems to have structurally strengthened the asset rather than weakening it.