XRP Is Primed for a Massive Breakout. Here's Giant Cup & Handle Target

Crypto analyst Xaif has set the XRP community abuzz after identifying a textbook cup-and-handle pattern on the higher-time-frame chart. His projection points to a measured-move target of $5.21, which, at today’s circulating supply, would translate to a market capitalization of roughly $309 billion—comfortably above the “$306B” mark he highlighted

The figure is based on XRP’s current circulating supply of about 59.31 billion coins, a number consistent across leading crypto market trackers.

Where the Market Stands Now

As of report time, XRP is trading at approximately $3.24, having moved within an intraday range of $3.23–$3.34. Its market capitalization currently hovers near $192 billion, supported by stable circulating supply data. This level places XRP firmly among the top-ranked cryptocurrencies by market value, though still well below its projected breakout target.

Reading the Pattern

The current chart shows a clearly defined multi-month cup formation, followed by a consolidating handle. This structure is widely regarded in technical analysis as a bullish continuation pattern, provided it breaks to the upside on strong volume

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Independent analysts echo Xaif’s view, with some suggesting that a confirmed breakout could propel XRP first into the $4–$4.50 range, then toward $5–$6. More aggressive projections extend the possible move to $8–$11, assuming market momentum and buying pressure remain strong.

Market Conditions and Liquidity Flows

Beyond the chart, liquidity dynamics are adding fuel to the bullish case. Open interest in XRP futures has risen sharply in recent sessions, a sign that leveraged traders are taking positions ahead of a potential breakout

This uptick often accompanies large directional moves, although it also increases the risk of volatility from crowded trades. On the macro front, a cooling U.S. inflation reading has boosted risk appetite across markets, lifting both equities and major cryptocurrencies—a favorable backdrop for a high-beta asset like XRP.

Turning Xaif’s $5.21 into Market Reality

Xaif’s $5.21 target equates to about $309 billion in market capitalization if today’s supply remains unchanged. Reaching the longer-term $10+ zone, as some XRP advocates suggest, would require nearly $600 billion in market value, a feat that would likely demand both a strong crypto bull cycle and increased real-world adoption of XRP’s payments and liquidity solutions

While such milestones are ambitious, they align with technical roadmaps from bullish analysts following similar long-term projections.

What to Watch Next

For now, all eyes are on the handle’s resistance level. A decisive, high-volume break and successful retest as support could mark the start of the projected run. Traders are watching futures positioning, spot volumes, and overall crypto sentiment for early signs of confirmation—or warnings of a premature rally.

As Xaif’s post makes clear, the setup is in place. Whether XRP can transform that potential into a move past $5.21 depends on market conviction, sustained momentum, and the willingness of buyers to hold the line when it matters most.

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