An analysis says XRP is set to retest support around $0.855 within a long-running cup-and-handle pattern.

The Crypto Basic, a blockchain outlet, reported on June 29 that XRP is heading toward an area in the handle phase of a multi-year pattern where a lower trendline overlaps with a Gaussian filter line.

XRP is trading at $1.04, down more than 71 percent from its July 2025 all-time high of $3.66. With the broader crypto market weakening since the fourth quarter of 2025, XRP has entered a retest of the $1 level.

The key point is that the decline may not be a simple extension of weakness but part of a large cup-and-handle pattern that has continued since 2018. In this pattern, price first falls sharply, then forms a rounded bottom and recovers in the cup phase, before a short consolidation in the handle phase leads to an upside breakout.

XRP's cup phase began after a peak of $3.31 in January 2018. The price later slid to $0.1140, then recovered through several swings to $3.66 in July 2025. It then plunged again alongside a market decline that began in October 2025, and this phase is being interpreted as the current handle formation process.

On the chart, XRP is now getting closer to the lower trendline of the handle. This area could act as strong support and bring back buying pressure. In particular, the lower handle trendline aligns with a Gaussian filter line at $0.8550. That line is seen as important because it has served as a benchmark for gauging XRP's bottom range in several past bear markets.

Past cases were also presented. In March 2017, XRP fell to $0.00525 and retested the line before surging to $3.31 in January 2018. In a November 2019 decline to $0.20041, it tested the same line again, and while it was not the exact bottom, it was close to the March 2020 low of $0.1140. In June 2022, after the collapse of the Terra ecosystem, a drop to $0.28 also saw a retest coincide with bottom formation. A decline to $0.49 in November 2024 also passed through the same area before a rebound continued.

Against this backdrop, $0.8550 was presented not as a simple price point but as structural support within a long-term pattern. The analysis says a retest and confirmation of support in this zone could signal a return of buying interest.

Still, the possibility of a rebound and confirmation of a trend reversal should be viewed separately. XRP must first break above the $1.35 to $1.40 zone where the upper handle trendline sits. It must then regain the $3.66 peak that serves as a neckline before a full-scale price reversal is confirmed.

An upside target of $8 was presented. That target matches a level mentioned by Standard Chartered. As a result, support at $0.855 will be the key near-term level, followed by a break above $1.35 to $1.40 and a recovery of $3.66 as the decisive zones for XRP's next direction.