Major XRP Signal: Peter Brandt Reveals Cup and Handle

Key Summary

Veteran trader Peter Brandt has identified a potential cup-and-handle pattern in XRP's recent price structure, with a key resistance level at $1.6572. XRP currently trades at $1.52, following a substantial recovery from its August lows near $1.00. The pattern's first leg occurred in August, pushing XRP to $1.70 before correcting to $1.27. A recent rebound to $1.60-$1.65, followed by sideways consolidation at $1.50, forms the "handle" portion of the structure. The daily chart shows XRP comfortably above its major moving averages and a broken descending trend line, with relatively healthy momentum and neutral-to-bullish RSI.