Ripple’s native XRP coin whipped up 3.44% gains on Wednesday to secure the $1.40 resistance line. This can now be flipped into support if met with proper demand.
Seasoned analyst Celal Kucuker argues a double-digit XRP price target may be on the cards due to the long-term Cup ‘n’ Handle pattern. Basing his thesis on the 7-day XRP price charts, the popular Turkish chart analyst laid down the most plausible targets from this bullish pattern.
Fib Extension Winks At Double-Digit Targets For XRP
Celal’s idea is backed with historical XRP price data: the gradual price drop during the mid-2025 bear cycle has confirmed the base of the Cup ‘n’ Handle establishment. A major price reversal could be coming next, and the seasoned trader sees $10 as a plausible target: “$10 is definitely not a dream..”
The labeled XRP levels at $2.4062, $3.6330, $6.8899 and $13.5687, along with the 142% to 269% measurements on the swings, are the classic way traders plot Fibonacci extensions from a prior impulse wave to estimate where the next move could stall. However, for those upper targets to activate, the confluent resistance at $2.4062 has to be claimed first, Kucuker emphasizes.
XRP’s Cup ‘n’ Handle Formation Met With Volume Hike
For now, XRP’s price remains at the base of the Cup ‘n’ Handle structure. If history repeats itself in a similar magnitude, the chart expert sees $13.56 as the final destination of that said bull run. That’s approximately 269.73% higher than the current all-time peak, marked at $3.65 on July 18, 2025. With XRP’s price backtracking roughly 60% from that area, reversal becomes plausible.
Crypto currency traders are also actively placing bets of similar sentiment on the leveraged markets. Judging from the latest CoinGlass data, XRP’s bulls are outweighing the short-sellers. Bears are outnumbered by a close margin, as the long versus short ratio points to 1.0178.
However, that distinction is typically what kicks off a rebound rally as swing traders position themselves for a drastic price move. In terms of garnered liquidity, Derivatives markets now present a $4 billion daily volume on XRP, edging the Spot market’s $2.6 billion figure on Wednesday.
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