$XRP is showing a setup traders should watch 👀
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 wouldn’t chase the move before confirmation.
For me: 🔹 Resistance: $1.6572 🔹 Breakout trigger: Daily close above $1.6572 🔹 Target: ~$2.05 🔹 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 wouldn’t chase the move before confirmation.
For me: 🔹 Resistance: $1.6572 🔹 Breakout trigger: Daily close above $1.6572 🔹 Target: ~$2.05 🔹 Invalidation: Loss of the handle/support structure
Now the question is simple: can $XRP break the rim?