XRP forms a cup and handle pattern near $1.91, with analysts watching $3.65 resistance for a possible breakout toward the $5.00 level.
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.
$XRP at some stage will be the biggest altcoin play in the market.
This cup and handle pattern could target $5.00👀 pic.twitter.com/pHn3XECxhy
— DrBullZeus (@DrBullZeus) January 23, 2026
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.
“Hold here… the sky becomes the limit. Lose the mark, we adjust our analysis,” they posted.
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.”
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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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