Cup, Handle & Dreams of $3.40: XRP’s Wild Ride 🚀

Imagine a price chart so artistic it might as well hang in the Louvre. That’s XRP right now — printing a cup-and-handle pattern on the four-hour chart, a technical tell-all that screams, “I’m going places!” But is this ascent to infinity and beyond or just another crypto soap opera 🎭?

Outflows: Investors Sending XRP to HODL-land 🌌

Picture this: XRP/USD jumps a crisp 3.5% to land at an intraday low of $2.63 on Feb. 17. Not bad, right? Especially when you realize that within the week, this plucky token clawed back 10% after tanking 44% to a jaw-dropping low of $1.76 earlier this month. Oh, the drama!

Here’s the kicker: exchange flows flipped negative. That’s trader speak for “less XRP on exchanges = fewer sell-offs = let’s go to the moon! 🚀”

Look at this masterpiece below — red bars of “outflow love” spelling hope for XRP bulls.

And the cherry on top? Data from CryptoQuant shows exchange XRP supplies have been on a diet since mid-November 2024. It’s like the token’s been doing the crypto Paleo diet, fueling its 330% rally. Where’s the applause emoji when you need it? 👏

Analyzing the Cup (And Don’t Forget the Handle!) ☕

The charts speak louder than words. XRP/USD’s four-hour time frame since Feb. 1 has been painting the Mona Lisa of patterns — the cup-and-handle. It’s like watching XRP take a victory lap: first the dip, then the majestic recovery arc to form the “cup.” Then, just as we’re casting Oscars nominations, the price pulls back slightly, creating the “handle.”

This isn’t just chart doodling either. Once XRP pops out of the handle like a champagne cork 🍾, it’s game on for a rally equal to the previous decline. And if you’re still skeptical (really?), here’s some visual encouragement:

XRP currently lounges within its handle range, eyeing resistance at $2.75. Should it burst through like a gladiator taking on the last boss, we’re looking at targets of $2.84 and onward to a gobsmacking $3.40 — 25% gains from today’s levels. Michelangelo didn’t sculpt this chart; it just feels historic.

Analysts are practically bursting into song about XRP’s potential. Dark Defender? Yeah, they’re out here boldly claiming $3. “XRP is trying to claim $2.7740. When it does, folks, $3 is a done deal!”

“Breaking this channel heralds 2 Digits levels first!”

Fellow sage Kwantxbt also backs the hype, highlighting the bullish divergence on daily charts as an omen of good XRP tidings. Targets? A landlord range of $2.85 to $3.15. Move over reality TV, this is the suspense we signed up for! 📈🔥

2025-02-17 17:02

Outflows: Investors Sending XRP to HODL-land 🌌

Analyzing the Cup (And Don’t Forget the Handle!) ☕

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