Current market analysis indicates that XRP has been hovering around $3.01, leading to discussions among traders about its potential growth.
Current XRP Situation
Today, XRP is trading around $3.01, which is down over 2% in the last 24 hours. The price has not shown significant movement recently, attracting traders' attention as the token hovers near the $3 mark. The overall market is also quiet.
Cup-and-Handle Pattern
On the daily chart, XRP has formed what looks like a large cup-and-handle pattern. The rounded bottom stretched across late 2024 into early 2025, indicating long consolidation after earlier rallies. Over the summer, the price climbed toward $3.80 before pulling back, and now XRP is moving sideways, forming the 'handle' part of the setup.
Key Levels and Trader Expectations
In the near-term picture, the first line of defense is the $2.90–$3.00 zone. XRP has tested this level multiple times, with buyers stepping in each time. Losing this level would be a warning sign that the structure is weakening. On the upside, $3.80 remains the key barrier, and traders are looking for a decisive close above that mark.
While forecasts may sound ambitious, many XRP supporters are hopeful for a recovery as the market remains attentive to price movements and support levels.
