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XRP price charts hint at ’mega breakout’ with $5 target
Key takeaways:
XRP’s (XRP) price may reach $5 by year’s end, according to a “mega breakout” setup shared by one chart analyst.
Cup-and-handle sees XRP price doubling next
Analyst Milkybull shared a chart on Tuesday showing a cup-and-handle pattern, a classic bullish setup that often forms during major market bottoms.
The handle then appears as a short-term pullback that typically ends when buyers regain control.
A decisive breakout above the handle’s upper trendline often signals the start of a strong uptrend, with the potential target roughly equal to the pattern’s depth, as shown below.
XRP ETF hype boosts the bullish case for $5
XRP’s $5 projection comes as optimism around spot XRP exchange-traded funds (ETFs) surges following the US Senate’s breakthrough deal to end the longest government shutdown in history.
The resolution, which is expected to restore government operations and unlock Treasury liquidity, has injected a wave of confidence across risk markets, including cryptocurrencies like XRP.
Related: XRP rallies on US shutdown nearing end, ETF tickers landing on DTCC
As of this week, the DTCC website lists 11 XRP ETF products in its active and pre-launch categories, featuring major issuers like 21Shares, ProShares, Bitwise, Canary Capital, CoinShares, and Franklin Templeton.
XRP is mirroring June’s 75% rally setup
XRP’s onchain data is flashing another bullish signal.
The 90-day Spot Taker Cumulative Volume Delta (CVD), a metric that tracks whether market orders are driven by buyers or sellers, has flipped from neutral to Taker Buy Dominant for the first time since June, according to CryptoQuant data.
The last time this signal turned green, in mid-2025, XRP’s price surged by roughly 75% within weeks, reinforcing the aforementioned technical setup that favors a $5 price target by year’s end.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.