$XRP is showing a setup traders should watch ๐
Peter Brandt has highlighted a possible cup-and-handle formation on the daily chart.
The key level is around $1.6572.
A clean breakout and close above it could confirm the pattern and open the door toward the $2 area.
But I wouldnโt chase the move before confirmation.
For me: ๐น Resistance: $1.6572 ๐น Breakout trigger: Daily close above $1.6572 ๐น Target: ~$2.05 ๐น Invalidation: Loss of the handle/support structure
Now the question is simple: can $XRP break the rim?
Peter Brandt has highlighted a possible cup-and-handle formation on the daily chart.
The key level is around $1.6572.
A clean breakout and close above it could confirm the pattern and open the door toward the $2 area.
But I wouldnโt chase the move before confirmation.
For me: ๐น Resistance: $1.6572 ๐น Breakout trigger: Daily close above $1.6572 ๐น Target: ~$2.05 ๐น Invalidation: Loss of the handle/support structure
Now the question is simple: can $XRP break the rim?