XRP Is Set for a 16% Breakout, but Only if the Market Leader Behaves
The post XRP Is Set for a 16% Breakout, but Only if the Market Leader Behaves appeared on BitcoinEthereumNews.com. The XRP price is trading near $1.09, and its chart is quietly turning bullish. A classic reversal pattern is taking shape just as selling volume fades and Bitcoin, the coin XRP still tracks, holds firm. That mix hints at a possible double-digit breakout. The catch is that XRP’s fate stays tied to the market leader. XRP Draws a Bullish Pattern as Bitcoin Holds Firm On the daily chart, XRP is shaping a cup and handle, a rounded base followed by a small dip that often leads to a breakout. That said, the cup formed between June 22 and July 4, and the handle is taking shape now. If it completes, the pattern points to a move of roughly 16%. XRP Cup and Handle Setup: TradingView The volume supports it. Selling volume has faded since July 6, a sign the pullback is losing steam rather than building. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypt