XRP traded relatively weakly on Monday, closing around $1.50 after falling roughly 1.27% during the session, according to CoinMarketCap data.
The decline came as XRP struggled to reclaim the $1.55 area, leaving the token below a level that could be important for any attempt to extend its recent recovery.
However, subdued price action hasn’t stopped analysts from identifying increasingly bullish technical setups for XRP . Veteran trader Peter Brandt is now watching a pattern that could send the token toward $2.16, while other analysts have outlined considerably more ambitious targets.
In a tweet, Brandt identified a cup-and-handle formation on XRP’s chart, suggesting the structure could eventually produce a measured move toward $2.16.
The trader also sees the cup-and-handle developing into the right shoulder of a larger inverse head-and-shoulders pattern. He explained that technical formations are not fixed and can change as price action develops.
“ The measured move would be to 2.16, which is the height of the inverted H&S (closing price, daily) projected upwards.” He wrote .
At XRP’s current price near $1.50, the target would represent roughly 44% upside.
However, Brandt warned that XRP has a major obstacle above its current price. The trader pointed to substantial overhead supply, meaning a large amount of XRP could potentially come onto the market as prices recover.
Elsewhere, macro strategist Gert van Lagen identified a symmetrical triangle on XRP’s monthly chart and projected a potential breakout toward $50.
Notably, the analyst’s thesis draws on XRP’s explosive performance during previous market cycles. He pointed to the 2017 bull run, when XRP/BTC surged 50x in just two months, suggesting that a comparable move could potentially unfold again in the current cycle.
“ XRP [1M] – Symmetrical triangle targeting ±$50 at a $3T market cap.” He stated . “ This would be normal bull market dynamics for Ripple. In 2017, it took only 2 months for XRP/BTC to 50X from the current level to 0.00011, which would imply BTC at $450k and XRP at $50.”
Meanwhile, analyst Javon Marks has also maintained a bullish outlook. His analysis pointed to a breakout from a descending-triangle structure and a potential measured move above $15, which is an 896% increase
Interestingly, these bullish technical forecasts arrive as XRP sentiment has deteriorated.
Santiment reported in early October that XRP’s bullish-to-bearish commentary ratio had fallen to 0.67, its lowest level since August 17. A reading below 1 means bearish commentary had become the majority across platforms including X, Telegram, and Reddit.
Such pessimism can sometimes create a contrarian setup, particularly if selling pressure begins to exhaust itself. However, negative sentiment alone does not guarantee a reversal.
