Ripple Breakout Watch: This XRP Pattern Signals $5 Target

Ripple’s token is trading around $1.91 at press time, with a 24-hour trading volume of over $2.3 billion. It has declined 2% in the past day and 8% over the last week. As traders monitor key support levels, new technical setups are gaining attention, including a chart pattern that may signal a move toward $5.00.

Breakout Watch as XRP Forms Cup and Handle

Analyst DrBullZeus shared a chart showing a large cup-and-handle pattern on the 2-week timeframe. This structure, forming over several years, shows a rounded base beginning in 2018 and a handle now developing below the all-time high of $3.65.

The pattern is not yet confirmed. For it to trigger, the price must break above the $3.65 resistance. If that happens with strong momentum, the projected move would place XRP near the $5.00 mark.

Moreover, a separate view from ChartNerd focuses on a long-term ascending triangle. This setup features rising support and a flat ceiling near the same resistance level. XRP has formed higher lows since 2018 and is now testing the 20-month EMA, a trend level watched by many traders. ChartNerdTA said this point could define the next move.

While price stays above support, the structure remains intact. A drop below could shift the outlook.

On a lower time frame, XRP appears to be forming a falling wedge. The setup includes a clear downtrend, with the price compressing between support and resistance. ChartNerd marked $1.80 as a key level to watch, calling it the “Defence Rail.”

If XRP holds $1.80 and breaks above the wedge resistance, the pattern may lead to a short-term rebound. A projected move shows the asset moving back toward the $2 range if confirmed.

Sentiment Weakens, But Volume Remains Aligned

XRP has entered a zone of elevated fear, based on recent sentiment data. Retail traders have turned cautious, with a decline in bullish commentary. Historically, similar periods of pessimism have appeared near market turning points, although price recovery is not guaranteed.

CryptoQuant observed a 0.61 correlation between price and net volume flows on Binance, as we previously reported. This suggests the price is still moving in line with actual trading activity. Meanwhile, XRP ETFs attracted $2.09 million in net inflows on January 22, according to SoSoValue.

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