[DigitalToday reporter Jinju Hong (홍진주)] An analysis says XRP has entered a retest zone for a cup-and-handle pattern on the weekly chart after rebounding in August.

According to blockchain outlet Decrypt on Sept. 8 local time, if the current price action holds support, XRP could try to break above the $1.45 to $1.50 resistance zone. It cited $2.4062 and $3.6330, among others, as upside targets after that.

XRP is trading around $1.39. It is up about 3.5 percent over the past week. The chart structure formed after the price fell from a peak near $3.65 in July 2025 to about $0.99 in mid-August 2026, then rebounded sharply from the August low. At the time, XRP surged more than 60 percent in a few days to around $1.70, but did not hold the uptrend for long.

That rebound phase was attributed to expectations of increased liquidity, optimism surrounding the Clarity Act, whale accumulation and inflows into an XRP spot ETF. On Aug. 22, XRP suffered an intraday flash crash of more than 37 percent, during which about $500 million in leveraged long positions were liquidated. XRP then moved in a relatively narrow range of $1.30 to $1.50 during the first week of September.

That zone is being interpreted as the handle phase within a larger cup-and-handle pattern. XRP is facing resistance around $1.45 to $1.50, while buying support was cited at $1.35 and the $1.30 to $1.31 area. The analysis says holding that zone is key for keeping the chart’s upward structure intact.

On the weekly chart, recent price action is also forming a falling wedge. The August rebound and subsequent pullback have moved within two converging trend lines, and the current sideways trade in the $1.30 to $1.40 area is seen as a handle-forming process ahead of a renewed break above resistance.

Upside targets were presented in Fibonacci extension zones based on the previous price swing. The first target is $2.4062. It then cited $3.6330, $6.8899 and $13.5687 in sequence. Among them, $3.6330 is significant because it almost overlaps with the cycle high of $3.65 in July 2025. That is why the analysis says, if XRP completes a cup-and-handle breakout, “this zone could be the key test.”

The upside scenario is not fully open-ended. The target in the $13 range requires much stronger momentum than an initial breakout. From the current $1.39 to $13.5687, it would require an additional gain of more than 800 percent.

Technical indicators are mixed. A positive signal cited is that XRP is holding above the 20-week exponential moving average. XRP previously failed to reclaim that zone in May and then slid to around $0.98. On the other hand, the weekly relative strength index fell to around 58 after entering overbought territory, and trading volume has declined since early September. That means breaking above the $1.45 to $1.50 resistance zone will not be easy unless buying returns.

In the near term, $1.35 is cited as the key defensive line. If daily and weekly closes fall below that level, the current structure could weaken. If XRP also breaks below $1.30, the next support cited is around $1.23. If that happens, the upward scenario toward $2.4062 or $3.6330 is expected to come under considerable pressure.