Ripple (XRP) has attracted attention as a classic technical indicator emerges on its price chart. The Cup and Handle pattern that often precedes major breakouts has appeared, signaling potential upward thrust. The “cup” phase has concluded after failing to show any significant downward movement, while price action from the $2.70-$2.80-XRP consolidation (handle) has signaled low volatility before marked price advances. The analyst, Ali Martinez, has indicated a resistance area of between $2.70 and $2.80; if this area is crossed, expect another possible $3.35 spike, resulting in a 28.8% upswing from current levels.
Optimism, however, comes on the heels of tumultuous trading for XRP, which lost over 14% before recovering 9.6% within a week. Such volatility is something we generally see during consolidation periods, suggesting that the asset is about to make a bullish pivot. The pattern does not guarantee results, but considering its historical pedigree and the backing from Martinez has whales load up XRP ahead of March.
