Patrick L. Riley, a well-known cryptocurrency analyst, has prepared a forecast for the XRP community, predicting a possible breakout by September 1.
Nine-Month Cup and Handle Formation
Riley recently stated on X that over the past nine months, XRP's price action has traced a structure called a 'cup and handle.' This model is one of the most recognized bullish continuation patterns in technical analysis, typically beginning with a rounded bottom and culminating in a decisive breakout.
Technical Momentum and Supporting Catalysts
XRP's recent market strength has been linked to several factors, including network upgrades to the XRP Ledger, increased developer activity, and expanding adoption of Ripple's payment solutions. The resolution of legal uncertainties earlier in 2025 has alleviated pressure on price, enabling technical patterns to unfold with fewer external shocks.
Historical Parallels and Price Targets
Historical XRP cycles indicate that previous consolidation phases followed by breakout patterns have often resulted in substantial price increases. While direct repetitions of past movements are not guaranteed, analogies suggest that a clean break above $3.40 could open doors to the $4-$5 range in the short term.
Patrick L. Riley's prediction is rooted in a clear observation of the completion of a cup-and-handle pattern, potentially leading to XRP's third breakout by September 1. Attention remains focused on the critical resistance zone.
