The post XRP Bulls Must Finally Overcome $3 to Start a Potential 120% Rally appeared on BitcoinEthereumNews.com.

Key takeaways: XRP traded at $2.82 on Thursday, with a potential cup-and-handle breakout projecting a 120% rally to $6.20. The XRP/USD pair needs to flip $3-$3.10 into support, as $2.80 remains a key level of interest for traders. XRP (XRP) price has dropped over the last seven days, reaching a low of $2.81 on Thursday. This resulted in a 23% drawdown from multi-year highs of around $3.66 to the current level of $2.82. XRP/USD daily chart. Source: Cointelegraph/TradingView Despite the pullback, a strong technical setup on higher time frames and online data suggest that XRP’s upside remains intact.  XRP has the “most bullish pattern”: analyst Analyst Mickybull Crypto shared a chart projecting a massive breakout in XRP’s price.  Described as the “most bullish pattern,” Mickybull Crypto identified XRP’s price trading within a cup-and-handle chart pattern at $2.81, as illustrated on the three-day chart below. Related: How XRP’s legal victory turned it into Wall Street’s favorite crypto The chart suggested that the analyst expects further upside for the altcoin, with the measured target of the pattern set at $6.20, or a 120% climb from the current levels.  “The breakout will be wild.” XRP/USD three-day chart. Source: Cointelegraph/TradingView Other analysts remain optimistic about XRP’s potential to move higher, citing strong whale accumulation and optimism around likely XRP ETF approvals.  In the shorter term, Dom, an independent trader, said that $3.12 is the most important level to flip to “trigger a rally.” On the eight-hour chart, the trader said that the price has been consolidating at the monthly point of control, which is the price level where the most trading volume occurred over the last 30 days, around $3. While this is good as it “often precedes a break from value,” turning it into support is crucial, Dom wrote, adding: “Flipping that $3.08…

---

Filed under: News - @ October 10, 2025 2:25 am