Peter Brandt flags XRP cup-and-handle setup, $1.6572 is the level to watch
- —XRP trades near $1.5230, just above its $1.4978 SMA
- —A breakout above $1.6572 requires an 8.8% move
- —Technical target on confirmation is around $2.05
- —Support sits near $1.45; a break below would weaken the pattern
Why it matters: A clean break above $1.6572 could open the way to $2.05, while a drop below $1.45 would invalidate the bullish setup.
Source: Blockmedia