Analyst Spots Cup and Handle Setup, Sets Big Price Target for XRP

Crypto media outlet TheCryptoBasic recently highlighted a technical analysis from market analyst Celal Kucuker suggesting that XRP could be preparing for a major upward move.

According to a recent tweet, the analyst noted a developing Cup and Handle pattern on XRP’s long-term chart, with Fibonacci extension levels projecting a possible rally beyond $12.

The analysis focused on XRP’s recent price recovery and its market structure after months of correction. Kucuker noted that XRP rebounded strongly from lows around $1.11 and has since entered a consolidation phase near $1.45. The asset also briefly tested resistance near $1.50 before pulling back slightly.

The chart attached to the post outlined several important price levels that could determine XRP’s next move. The first major resistance zone highlighted by the analyst sits around $1.74. Beyond that, another key barrier appears near $3.65. According to the analysis, a successful breakout above those levels could open the door for a much larger rally.

Fibonacci Levels Point to $12.10 Target

One of the central points in the analysis involved Fibonacci extension projections. The chart showed a 225% extension target toward the $12.10 range, which the analyst identified as a possible long-term objective if the Cup and Handle structure fully develops.

The projected move would represent a substantial increase from XRP’s current trading range. The chart also suggested that XRP may first revisit intermediate targets around $2 before attempting to break out above its all-time high.

Kucuker’s analysis emphasized that momentum remains a critical factor. The Cup and Handle pattern shown on the chart reflects a long consolidation period followed by a gradual recovery, which many XRP traders consider a bullish continuation structure.

The handle portion of the formation appeared to develop during XRP’s recent downward-sloping consolidation phase. The analyst suggested that maintaining support above recent lows could strengthen the bullish setup over the coming months.

XRP Consolidation Continues Near Key Resistance

TheCryptoBasic also noted that XRP continues to trade in a tight range as market participants monitor whether buying pressure can push the asset through resistance. The price action near $1.45 and $1.50 remains important because a confirmed breakout could validate the technical structure discussed in the analysis.

The chart attached to the post showed XRP recovering steadily after a sharp decline earlier in the year. It also illustrated how the asset moved back toward critical Fibonacci retracement levels that traders often monitor for breakout confirmation.

While the $12.10 target remains a long-term projection, analysts following XRP continue to watch the asset closely for signs of sustained bullish momentum. A move above the resistance levels identified by Kucuker could strengthen expectations for a larger rally and place XRP on course to challenge previous record highs before targeting higher Fibonacci extension levels.

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