XRP Poised for 16% Surge on Bullish Chart Pattern, Bitcoin's Stability Key
XRP's chart is flashing a classic cup and handle pattern, signaling a potential 16% breakout. Selling volume is drying up, and long-term holders are accumulating. The catch? XRP's 0.84 correlation with Bitcoin means BTC's steadiness is non-negotiable for this move to pay off.
XRP is cooking up a classic cup and handle pattern, hinting at a potential 16% surge. Selling volume has evaporated since early July, a clear sign the pullback is losing steam. This bullish setup is forming just as Bitcoin, the market leader XRP tracks with a 0.84 correlation, is holding firm despite global shocks. Long-term holders are quietly stacking $XRP, with the one-to-two-year cohort increasing its supply share. Exchange outflows have resumed, further confirming accumulation and fading selling pressure. The critical level to watch is $1.19; breaking above it confirms the pattern and targets $1.38. A close below $1.08, however, invalidates the setup and sends XRP back to $1.00.