Diana's recent analysis of XRP highlights a significant macro structure that could influence the token's future performance. As XRP faced a downturn to 1.15 earlier this month, she identified a bullish cup-and-handle formation that has been developing over the past eight years. Based on the data provided in the document, this pattern suggests a potential reversal in the token's price trajectory.
XRP's Formation and Price Projections
According to Diana, this formation began after XRP's peak in 2017 and has evolved through the lows of 2020 to 2021, with a potential return to the 3.60 area projected for 2025. The current price pullback is interpreted as the handle portion of this bullish pattern, suggesting that XRP's outlook remains positive as long as it stays above the critical support zone of:
- 0.84
- 0.69
Potential Rebound and Long-Term Growth
If XRP successfully defends this support region, it could pave the way for a rebound towards the 3.65 level, which is seen as the first major target for repricing. Furthermore, if the bullish momentum continues, longer-term projections based on the cup-and-handle pattern suggest that XRP could reach the 7 range and beyond, indicating a strong potential for growth in the coming years.
Recently, Diana's analysis of XRP highlighted its potential for growth, while the digital euro is set to launch in the EU around mid-2029, as reported by a key ECB official. For more details, see digital euro.
