{"id":6012,"date":"2025-07-28T11:53:00","date_gmt":"2025-07-28T11:53:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-path-to-5-20-gets-clearer-as-cup-and-handle-forms\/"},"modified":"2025-07-28T11:53:10","modified_gmt":"2025-07-28T11:53:10","slug":"xrp-price-path-to-5-20-gets-clearer-as-cup-and-handle-forms","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-path-to-5-20-gets-clearer-as-cup-and-handle-forms\/","title":{"rendered":"XRP price path to $5.20 gets clearer as cup-and-handle forms"},"content":{"rendered":"
\n

XRP price rose for the third consecutive day on Monday as most altcoins attempted to bounce back.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • XRP price has formed the rare cup-and-handle pattern.\u00a0<\/li>\n
  • The pattern signals to more gains, potentially to $5.2.<\/li>\n
  • XXRP and UXRP ETFs are attracting substantial investor inflows.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Ripple (XRP) token jumped to $3.25, up by almost 10% from its lowest level last month and 100% above its April lows. The token has formed the highly bullish cup-and-handle pattern, pointing to an eventual rally to $5.\u00a0<\/p>\n

    XRP price technical analysis<\/h2>\n

    The daily chart shows that the XRP price bottomed at $1.6173 in April as most altcoins plunged following Donald Trump\u2019s Liberation Day speech.\u00a0<\/p>\n

    It then started a slow comeback, eventually soaring to a record high of $3.6552 this month. On the positive side, there are signs that the token has more upside to go despite last week\u2019s retreat.\u00a0<\/p>\n

    XRP has remained above the 50-day and 200-day Exponential Moving Averages, a sign that bulls remain in control. Most importantly, the recent pullback was part of the formation of the handle section of the cup-and-handle pattern, one of the most common continuation signs.\u00a0<\/p>\n

    <\/p>\n

    The distance between the cup\u2019s upper side at $3.39 and its lower side at $1.6173 is about 52%. Measuring the same distance from the cup\u2019s upper side gives it a target of $5.1783. This target is about 60% above the current level.\u00a0<\/p>\n

    The bullish XRP price forecast will remain as long as it is above the crucial support level at $2.6470, its highest swing on May 12 this year.\u00a0<\/p>\n

    <\/source><\/p>\n<\/picture>
    XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n

    Key catalysts for Ripple jump<\/h2>\n

    XRP price has numerous catalysts that may drive its price above $5 in the coming weeks or months. First, there are signs that the coin has adequate demand as the futures open interest has remained above $9 billion in the past few weeks. This is notable as XRP\u2019s open interest fell to below $4 billion in June.<\/p>\n

    <\/source>
    \n\"XRP\n<\/picture>
    XRP futures open interest | Source: CoinGlass<\/figcaption><\/figure>\n

    Second, data shows that XRP\u2019s futures weighted funding rate has remained in the green since June. A positive funding rate is a sign that investors expect the future price will be higher than where it is today.<\/p>\n

    Third, there are signs that there will be strong demand for XRP ETFs once approved by the SEC as most analysts expect. The existing derivatives-based ETFs like Teucrium\u2019s XXRP and ProShares UXRP are doing well, with their assets soaring to $383 million and $95 million, respectively.\u00a0<\/p>\n

    Further, XRP price will benefit from the ongoing Ripple USD (RLUSD) stablecoin market share gain. It has accumulated over $550 million in assets and is catching up with PayPal\u2019s PYUSD.\u00a0<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    XRP price rose for the third consecutive day on Monday as most altcoins attempted to bounce back.\u00a0 Summary XRP price has formed the rare cup-and-handle pattern.\u00a0 The pattern signals to…<\/p>\n","protected":false},"author":1,"featured_media":226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6012"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6012\/revisions"}],"predecessor-version":[{"id":6013,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6012\/revisions\/6013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/226"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}