Peter Brandt's XRP chart read as possible cup-and-handle; $1.6572 in focus, U.Today says
In brief
- Peter Brandt posted an XRP price chart alongside a coffee cup image.
- U.Today read the chart as a possible cup-and-handle continuation pattern.
- $1.6572 is the level to watch, per U.Today; the pattern remains unconfirmed.
- XRP traded around $1.52 at the time of the report, per U.Today.
What Brandt posted (and who's reading it)
Brandt's post was a somewhat cryptic chart paired with a coffee cup. The pattern label comes from U.Today, which said XRP "may be developing" a cup-and-handle-style structure. That's a hedge, not a call.
The cup, as U.Today describes it, took shape over the past few months. An August breakout pushed XRP toward $1.70 before a correction sent it back toward $1.27 in mid-September. XRP then rebounded toward $1.60–$1.65 and has since moved sideways around $1.50.
That sideways stretch is the candidate handle. U.Today said it could serve that role, but confirmation is absent while XRP trades below the $1.6572 resistance.
The technical picture, per U.Today
XRP sits above its major moving averages, according to the outlet, with short-term support around $1.45 and longer-term averages clustered at $1.35–$1.40. The descending trend line that constrained XRP through September has been broken. RSI is in neutral-to-bullish territory (not the heavily overbought reading seen during the August breakout).
The ceiling hasn't budged, though.
U.Today identified $1.65–$1.66 as the decisive barrier and noted XRP has already printed several upper wicks around that area.
Two scenarios, neither confirmed
In U.Today's bullish case, a daily breakout above $1.6572 could bring the August high near $1.70 back into focus, with $2.00 becoming relevant beyond that. In its bearish case, initial support sits around $1.48–$1.50, then roughly $1.45; losing those levels could invalidate the handle and expose the $1.35–$1.40 region.
For now, Brandt's cup reference looks less like a confirmed signal and more like a setup awaiting its trigger: $1.65.
Those levels are U.Today's analysis, not forecasts. Until XRP closes above that line, it's a pattern on a chart and nothing more.
Frequently asked questions
Did Peter Brandt say XRP is forming a cup and handle?
Brandt posted a chart of XRP's recent price structure alongside an image of a coffee cup. The cup-and-handle reading comes from U.Today, which said XRP may be developing a cup-and-handle-style continuation pattern, with $1.6572 marked as the level to watch.
What would confirm or invalidate the XRP cup-and-handle pattern?
According to U.Today, a convincing daily breakout above $1.6572 would strengthen the cup-and-handle reading and could put the August high around $1.70 back in focus. Losing support around $1.48–$1.50 and then about $1.45 could invalidate the handle and expose the $1.35–$1.40 region.
