 
 
Despite witnessing a pullback at the $3.30 zone after recently hitting an all-time high (ATH) of $3.65, XRP’s bullish picture is still game on.
According to market analyst Tom Tucker, XRP recently completed a bullish cup-and-handle pattern with a 55% depth, setting a technical target of $5.27.
Notably, a cup-and-handle pattern is considered bullish because it typically signals the continuation of an uptrend after a period of consolidation and mild retracement.
On the other hand, crypto analyst Lingrid believes that XRP is consolidating above key support after a strong breakout from a resolved triangle and multiple resistance breaks.
Therefore, an emerging wedge pattern could serve as the launchpad for XRP’s next upward move.
 
She added, “As long as the structure holds above 3.30, bulls remain in control with eyes on the $4.00+ target zone. The consolidation phase looks healthy and may end with a vertical rally continuation.”
XRP’s Market Dominance Continues to be Felt
XRP’s market cap recently surged to $211.41 billion, overtaking German tech giant Siemens at $206.03 billion and oil conglomerate Shell at $205.92 billion, according to CoinMarketCap.
Therefore, this development highlights growing investor confidence and interest in XRP.
It also shows how crypto assets are increasingly competing with traditional industry giants in terms of perceived value.
As investor interest and confidence soars for the 3rd-largest cryptocurrency by market cap, it remains to be seen how XRP plays out in the short term.
Source: https://zycrypto.com/ripples-xrp-eyes-crazy-bullish-cup-and-handle-breakout-surpasses-oil-giant-shell-in-value/