- XRP price seems to be holding support at $2.85 after ABC correction, preserving the bullish cup and handle pattern.
- A breakout over $3.60 might take XRP price to 5.85 based on Fibonacci extension of 261.8%.
- RSI is still overbought after its strong recovery, indicating that there may be brief consolidation before it moves to another position.
XRP price is trading well beyond the critical support level of $2.85 and it has strengthened a setup of a massive bullish formation on its weekly chart. This level, which has been probed several times over the past few weeks, is a critical zone as technical charts continue to demonstrate strength.
XRP Price Builds Bullish Structure with Cup and Handle Formation
The macro chart indicates a distinct Cup Handle pattern that has developed between November 2023 and August 2025. XRP Price increased by about $0.45 to multiple rejections at the $3.60 level, creating the cup with a structural accumulation pattern. As noted by an analyst Dark Difender, this resistance has now formed the neckline, and a clear break above $3.60 could drive XRP close to $5.50-$5.85, using Fibonacci extension levels.
Source: Dark Difender/X
The handle has evolved as a descending wedge with a complete ABC correction. The XRP price declined to $2.80 in Wave A, rose to $3.20 in Wave B and went as low as $2.89 in Wave C exactly after retracing 23.6% of the cup. This technical combination adds weight to the possibility of bullish continuation in the price of XRP.
XRP price still holds above the level of support at almost $2.85, a sign of strengthening market demand even amid price pullbacks. At these levels, a consolidation within areas of $42.85-$3.10 suggest possible accumulation in such areas, and Bullish structure shall be maintained below areas of $2.85, an analyst TallGuyTycoon suggested. RSI has crossed 78.75 indicating robust bullish momentum.
Source: TallGuyTycoon/X
According to TallGuyTycoon, the 261.8 Fibonacci extension is the resulting price above the cup at the price of $5.85, which means that the breakout above the price of $3.60 and confirmed via volumetric increase and a weekly close could propel to the price of around $5.85 based on the Fibonacci extension. Specific resistance points are at $3.17 and $3.21, whereas support levels are at $2.91 and $2.76.
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