The post Popular Analyst Sees XRP Price Surge After Forming “Too Perfect” Pattern appeared on BitcoinEthereumNews.com.

XRP price crashed below the crucial support at $3 today, August 18, as the crypto market crashed. It has entered a technical bear market after falling by 20% from the year-to-date high. Still, this Ripple price crash will likely be a good buying opportunity as an analyst identified a “too perfect” chart pattern that may push it to $6.  Crypto Analyst Spots a Perfect XRP Price Pattern Rekt Fencer, a popular crypto analyst and pundit with over 325k followers, notes that the ongoing XRP price pullback could be temporary. He expects the coin to eventually go vertical.  Rekt referred to the chart below, which he notes has formed a cup-and-handle pattern on the daily chart. As the name suggests, this pattern comprises of a rounded bottom followed by a consolidation.  By measuring the cup’s depth and then the same distance from its upper side, the analyst estimates that the coin will eventually surge to about $6 in the coming weeks.  Analyst identiies XRP price cup and handle pattern More Technicals Signal a Surge is Coming The Ripple price has also formed other bullish chart patterns. For example, the eight-hour chart shows that the C&H’s handle section resembles the inverse head-and-shoulders pattern.  This pattern has four key sections, including a head, two shoulders, and a neck. Its bottom on Monday aligned with the left shoulder at $2.96, while the neckline is at $3.3787.  The distance between the neckline and the head is about 20%. Therefore, extrapolating the same distance from the neckline gives it a target of $4.06.  XRP Price Chart showing inverse head-and-shoulders pattern Ripple Price Has Potential Catalysts For a Surge The upcoming XRP price rally is supported by several catalysts. Whales continue to buy the Ripple token, signaling that they expect the price to resume its bullish trend. …

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Filed under: News - @ August 18, 2025 12:24 pm