XRP Cup-and-Handle Pattern Meets Heavy Selling Pressure

Minseung Kang

Summary

XRP is forming a cup-and-handle pattern and a potential golden cross, pointing to about 16%% upside.
Still, about 55 million XRP has recently flowed into exchanges, while roughly 1.16 billion XRP in sell orders is stacked in the $1.45 to $1.46 range, creating a potential resistance zone.
The market is focused on whether XRP can break above the $1.48 to $1.53 range, hold $1.39 support, and draw strength from rising institutional demand.

Forecast Trend Report by Period

XRP is forming a classic bullish chart pattern, but a large concentration of sell orders overhead has pushed the token to a key inflection point, CoinPaper reported on April 28.

XRP is currently shaping a cup-and-handle pattern, a technical setup associated with rebounds. The token is trading around $1.41, tracking its 20-day and 50-day exponential moving averages, while a potential golden cross is also coming into view.

A break above the handle would put the theoretical price target at about $1.77, implying roughly 16% upside. The broader chart structure points to conditions for a momentum-driven advance.

On-chain data, however, tells a different story. About 55 million XRP flowed into exchanges over the past few days, indicating that short-term selling pressure has increased. The shift suggests a greater inclination to sell rather than hold.

Roughly 1.16 billion XRP in sell orders is clustered in the $1.45 to $1.46 range. That area could act as strong resistance, as investors who have reached breakeven may be more inclined to exit positions.

Traders are watching the $1.48 to $1.53 range as the key battleground. A break above that zone, followed by a close above $1.53, could absorb overhead supply and open the way for a trend reversal.

A drop below support at $1.39, by contrast, would damage the current bullish structure and could renew downward pressure.

Institutional demand is also rising. CME Group said XRP futures and options trading volume totaled about $13 billion in the first quarter of 2026. With technical momentum colliding with supply overhang, the token's near-term direction may determine its next move.

XRP