XRP Eyes 16% Breakout as Cup-and-Handle Forms; Bitcoin Correlation at 0.84

XRP is trading near $1.09 as a cup-and-handle reversal pattern forms on the daily chart, pointing to a potential 16% move if key resistance breaks. According to BeInCrypto, the cup formed between June 22 and July 4 and the handle is developing as selling volume fades; a push above $1.12 would complete the handle, with $1.19 the main hurdle and a breakout target near $1.38. On-chain data show the 1–2 year holder cohort rising from 12.80% to 15.33% since July 1, while exchange outflows have resumed. XRP’s 30-day correlation with Bitcoin is 0.84; a daily close below $1.08 risks a drop toward $1.00.