Veteran trader Peter Brandt noted that XRP may be forming a "cup and handle" pattern, with attention on the $1.6572 resistance level.
Veteran trader Peter Brandt posted that XRP's recent price structure might be forming a "cup and handle" bullish continuation pattern, emphasizing that $1.6572 is a key resistance level. XRP is currently trading around $1.52, having rebounded significantly from its August low near $1.00. A decisive breakthrough of $1.6572 would strengthen this bullish interpretation and could bring the August high of $1.70, or even the psychological threshold of $2.00, back into focus. If it fails to break through, XRP may continue to consolidate within its current range.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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