Falling Wedge Breakout Opens the Door to ATH Retest — Major HTF

XRP / USD — 1W

XRP continues to show a constructive higher-timeframe structure following its breakout from a multi-month falling wedge.

The first part of this thesis is relatively straightforward: price has broken above the wedge's descending resistance and is now attempting to hold the breakout area. If that breakout remains valid, the next major technical objective is a retest of the prior all-time-high region near $3.27.

The larger structure is where the chart becomes particularly interesting.

Higher-Timeframe Cup & Handle

Zooming out, XRP can also be interpreted as developing a very large cup-and-handle-style structure spanning multiple market cycles.

The ~$3.27 area represents the major neckline/resistance zone. The recent correction following XRP's return toward that area may be forming the handle portion of the pattern.

My roadmap is therefore:

1. Falling wedge breakout → current structure
2. ~$3.27 → major ATH/neckline test
3. Weekly breakout and acceptance above the neckline → potential confirmation of the larger cup-and-handle thesis
4. ~$10–$11 region → longer-term measured-move objective if the HTF breakout confirms

The chart's larger measured move projects approximately +232% from the breakout area, placing the objective around $10.85.

That is a technical projection, not a prediction. XRP would first need to reclaim the ATH/neckline and demonstrate sustained acceptance above it before I would consider the larger cup-and-handle breakout confirmed.

Levels I'm Watching
$1.42 area: important Fibonacci / breakout-support region
$3.27: previous ATH and major HTF resistance
$10–$11: cup-and-handle measured-move zone if the ATH breakout confirms
Loss of the wedge breakout structure would weaken the bullish thesis

The important distinction here is that $10 is not the immediate target simply because the wedge broke. The wedge provides the setup for an ATH retest; the larger target only becomes technically relevant if XRP subsequently confirms the much larger high-timeframe structure.

Educational market analysis only. This is not financial advice or a recommendation to buy or sell XRP. Technical patterns and measured-move targets are probabilistic and can fail.