XRP has broken out of a classic cup and handle pattern, pushing through the $3.00 neckline with conviction. The token is now trading around $3.51, signaling a strong move that has caught traders’ attention. With the pattern now confirmed, the next big target on the radar is $4.80.
The setup started forming back in February 2025 and took several months to complete. After a smooth handle pullback, XRP finally surged past the resistance level in early July.
Now that $3.00 has flipped into support, traders are watching closely to see if the price can stay above that level before making another move higher.
Technical indicators show uptrend strengthening
XRP’s current price action is well above its major exponential moving averages, reinforcing the ongoing bullish trend. The 20 EMA is positioned at $2.71, the 50 EMA at $2.46, the 100 EMA at $2.35, and the 200 EMA at $2.19.
The alignment of these averages, along with their upward slopes, suggests growing momentum and steady buyer interest.
The next key resistance sits at $3.60, with the larger technical target from the cup and handle breakout pegged near $4.80.
XRP derivatives data confirms breakout strength
XRP’s breakout isn’t just visible on the price chart; it’s also backed by strong activity in the futures market. Open interest has jumped by 110.49% and now stands at $49.12 billion, which means a lot of new money is flowing into XRP positions.
On top of that, 24-hour trading volume has climbed 14.28%, reaching $11.02 billion. This kind of increase in both open interest and volume points to fresh buying rather than traders just closing out old positions.
What comes next for XRP
However, if XRP can maintain support above $3.00 and continue attracting inflows, traders may see another leg up toward the $4.80 target.
Notably, the combination of a textbook breakout pattern, strong technical momentum, and rising open interest creates a favorable setup for XRP to extend its rally in the near term.