- Altcoin XRP prints 8.5 year cup and handle formation.
- Analysts share bullish forecasts for XRP price in 2026.
- Can the price of XRP truly turn bullish this summer?
The crypto market continues to see an exceptional start to the month of July in 2026. Already, the first weekend of the month is seeing a steady rise in crypto prices, from BTC to altcoins. So far, BTC has reclaimed prices above $60,000, allowing altcoin assets to surge alongside it. Meanwhile, altcoin XRP prints 8.5 year cup and handle formation, analysts share bullish forecasts for 2026.
Altcoin XRP Prints 8.5 Year Cup and Handle Formation
According to analytics, the price of XRP is trading at $1.13, showing that the asset is up by over 8% in the last 7 days. One popular crypto analyst shares how over the coming months while XRP searches for its cycle low, his stance will begin to shift from bearish into neutral-bullish, and so on. He keeps referencing the ‘area of opportunity’, because XRP is already in it. The aim isn’t to pinpoint a bottom, but to realise the macro opportunity.
As we can see from the post above, the analyst says that he would be a fool if he did not admit that the possibility of XRP marking a cycle low at the recent $1.08 point of contact is possible. However, he would like to see further confirmation signals first; a foundation build/higher low or double bottom retest back towards the recent $1 low, and at a minimum both weekly 20/50 EMAs reclaimed ($1.35/$1.65).
Until then, this is still a countertrend rally underneath heavy resistance inside a macro downtrend, and our $0.90/$0.70 targets remain completely open and on the table. He has tried my best to reinforce the idea that we are now in a major ‘area of interest’ since dropping from $2 earlier in the year as we expected, to the recent $1 low. These prices are macro gifts. Anything lower reinforces that idea even further.
Analysts Share Bullish Forecasts for 2026
As we saw from the post above, the popular altcoin XRP has printed an 8.5 year cup and handle formation on its price chart. Thus, the post concludes that ignoring XRP around $1 on the macro could prove costly. Price is approaching FIB support within the handle structure under 8.5 years of resistance. If FIB support and the GC hold, it opens the path to attack resistance. FIB extensions = $8/$13/$27.
Meanwhile, another analyst, bullish on XRP goes on to share a bullish observation, which the post above highlights, that XRP successfully breaks above $1.145, and will soon surge to reclaim the $1.20 price range. The post also mentions the next immediate target is $1.17 and then eventually $1.30. What’s more, RSI has exploded above 80, confirming extreme momentum but also warning that a short-term cooldown or retest is increasingly possible.
