XRP has formed a bullish “Double Coffee Cup” pattern, signaling significant upward potential.
The breakout from a multi-year triangle aligns with improving regulatory clarity and market optimism.
Indicators suggest bullish momentum, but overbought conditions point to possible short-term pullbacks.
XRP is displaying a notable technical formation on its weekly chart. According to Dark Defender, a crypto analyst, he notes that XRP has formed a “Double Coffee Cup” pattern, a structure often linked to potential bullish trends.
Source: X
This double-rounded bottom pattern, marked by blue and orange curves on the chart, indicates a prolonged consolidation phase that appears to be concluding. XRP has broken out above the Ichimoku Cloud, a bullish signal.
Dark Defender also highlights the new support levels of $1.03 and $0.95. These act as critical zones where buying interest may emerge during pullbacks. The analysis suggests XRP could reach $1.88, $3.09, and $5.85, with Fibonacci extension levels supporting these projections.
Notably, the 161.8% extension aligns with the $1.88 target, while the 261.8% extension points toward the …
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