XRP Forms Long-Term Pattern With $27 Price Target: Analyst
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Chart analyst ChartNerd identified an 8.5-year cup-and-handle pattern on XRP and says the token is nearing the 0.618 Fibonacci retracement that could set up long-term targets of $8, $13 and $27. XRP trades near $1.06 in a deep correction that has erased most gains from the past year, presenting near-term risk to price even as bullish technical crypto signals suggest potential upside.
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Chart analyst ChartNerd flagged an 8.5-year cup-and-handle pattern on XRP this week, arguing that the token is nearing the 0.618 Fibonacci retracement level that could set up a long-term move toward $8, $13, and $27.
The outlook arrives while XRP itself sits near $1.06, deep in a correction that has wiped out most of its gains from the past year.
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