XRP price today is showing renewed optimism as traders point to a cup and handle formation signaling a potential breakout toward the $5 mark.
The current momentum follows a string of bullish chart patterns and increased discussion across the crypto community, suggesting that Ripple’s native token could be entering a fresh upward phase despite short-term pullbacks.
Prominent crypto analyst CryptoBosmans shared a technical outlook indicating that XRP’s recent chart movements align with a classic cup and handle pattern on the 3-day timeframe. According to his post, XRP is also attempting to break out of a falling wedge, a pattern typically associated with bullish reversals.
XRP is forming a cup and handle pattern on the 3-day chart, with RSI turning upward and a potential breakout toward $5 if the $2.60 support holds. Source: Cryptobosmans on TradingView
“The RSI is curving upward,” the analyst noted, suggesting growing momentum beneath the surface. He identified $2.60 as a key support level, stating that maintaining this range could allow XRP to continue advancing toward the $5 price target.
At the time of writing, the current XRP price hovers near $2.88, reflecting minor corrections after an early October surge. Market data indicates XRP remains one of the most closely watched altcoins amid speculation about institutional inflows and potential ETF-related developments.
Another trader, known online as @Astrones2, highlighted a similar setup on the XRP/USD chart, emphasizing a descending trendline breakout that reinforces the bullish view. His analysis suggests that XRP could extend gains throughout October as favorable catalysts—such as discussions around possible XRP ETF approvals—add momentum to the market narrative.
XRP is consolidating between $2.97 and $3.07, with analysts eyeing a breakout above the $3.03 resistance that could pave the way toward the $5 target. Source: @Astrones2 via X
The post, which gained traction on social platforms, coincides with data showing more than $520 billion in crypto inflows since late September. This trend supports broader bullish sentiment and positions XRP as a potential leader in the next market leg higher. However, analysts remain cautious about short-term volatility. Historical data shows that XRP tends to experience sharp retracements following rallies.
Social engagement around Ripple XRP has also intensified. A post from @Maxi_Dec2020 featuring a Binance XRP/USDT chart projected a rally from $2.30 to $5.19, marking what he called XRP’s “pivotal breakout moment.”
XRP was trading at around $2.88, down 4.83% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Critics note that over 160 million XRP tokens were reportedly moved by large holders, sparking concerns about profit-taking or distribution phases. However, sentiment among long-term investors remains upbeat, with many seeing these moves as typical within consolidation cycles.
Despite the divided opinions, the posts collectively amassed hundreds of likes and retweets, underscoring the heightened attention around XRP price projections and Ripple’s broader market position.
As the crypto market stabilizes from recent volatility, analysts suggest XRP could reclaim the $3.20 resistance zone, which serves as a key threshold before any sustained advance toward $5. Technical indicators—including RSI recovery and wedge formation—support the notion of a medium-term uptrend, provided the coin maintains higher lows above crucial supports.
Analysts believe XRP could regain the $3.20 resistance level, a crucial barrier that may open the path toward the $5 target if momentum continues. Source: @Maxi_Dec2020 via X
If bullish momentum persists, projections for the XRP price prediction 2025 range between $6 and $10, driven by factors such as potential Ripple IPO developments, resolution of the XRP SEC case, and renewed institutional interest in blockchain-based payment assets.
While short-term pullbacks remain possible, XRP’s improving technical landscape and strengthening community conviction suggest that Ripple’s token may once again capture the spotlight among top-performing cryptocurrencies. As always, traders are reminded that “time will tell,” but for now, the market appears to be leaning cautiously bullish.
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