BULLISH 📈 : XRP Analyst Predicts $60 Price with Cup and Handle Pattern

Crypto analyst CryptoBull identified a bullish "Cup and Handle" pattern that could potentially drive XRP to $60. Despite the current downtrend, this prediction suggests a significant price increase.

XRP Price Analysis

  • The Cup and Handle pattern on the monthly chart sets a target of $60 for XRP.
  • The Relative Strength Index (RSI) indicates potential upside, possibly pushing XRP above $10 soon.
  • CryptoBull argues that XRP will lead the altcoin season, not Ethereum.

XRP

Another analyst, Dark Defender, predicts XRP could reach double digits, intersecting the Fibonacci level at $18.

Resistance and Market Conditions

  • CasiTrades notes resistance for XRP at $1.65, suggesting a loss of momentum.
  • A potential drop to new lows before any bullish reversal is possible.
  • There are signs of a double bottom near $1.11; a further dip to $0.90 is also possible.
  • Reclaiming and holding $1.65 would indicate strength in XRP.

Currently, XRP trades around $1.47, showing a slight decline over the past 24 hours, according to CoinMarketCap data.