Crypto analyst ChartNerd has presented a long-term technical analysis of XRP, suggesting its price continues to follow an 8.5-year cup and handle formation that could eventually lead to a sig
Crypto analyst ChartNerd has presented a long-term technical analysis of XRP, suggesting its price continues to follow an 8.5-year cup and handle formation that could eventually lead to a significant price expansion.
The analysis highlights what the analyst believes is the pattern’s final stage, with XRP now approaching a critical support area that may determine its next major move.
The chart accompanying the post outlines a multi-year cup and handle structure dating back to XRP’s 2018 peak. According to ChartNerd, the pattern remains valid despite the recent decline, with the current pullback forming the handle portion of the formation. The analysis suggests that this retracement could provide the foundation needed before any sustained breakout attempt.
Golden Pocket and Gaussian Retest Remain the Focus
ChartNerd noted that XRP’s handle is retracing toward the 0.618 Fibonacci “golden pocket” while also approaching the Gaussian support line displayed on the chart. These two technical levels are identified as an important confluence zone that could serve as a base for the next phase of the trend.
The chart marks the support region between the 0.786 and 0.618 Fibonacci retracement levels, while several previous Gaussian retests are highlighted throughout the broader cup formation. The analyst indicated that another successful retest of this area would likely complete the handle and preserve the integrity of the long-term pattern.
The chart also labels the upper resistance area as the neckline, which XRP would need to overcome to confirm a breakout from the formation. If that occurs, ChartNerd projects Fibonacci extension targets near $8, $13, and ultimately around $27, representing the next potential expansion phase outlined in the analysis.
Long-Term Pattern Suggests Patience
Rather than focusing on short-term price fluctuations, the post emphasizes XRP’s broader technical structure. The chart spans more than eight years, illustrating how the cup gradually developed before transitioning into what the analyst considers the handle. The suggested outlook implies that completing the current retracement could be an essential step before any attempt to challenge the neckline resistance.
An illustration of a traditional cup and handle pattern was also included alongside the XRP chart, reinforcing the comparison between the classic technical formation and XRP’s current market structure.
The post prompted reactions from members of the crypto community, with some agreeing that the technical setup deserves close observation while others emphasized the importance of broader market conditions.
One commenter, crip_doe, stated that while technical analysis remains valuable, XRP’s long-term price performance may ultimately depend more on real-world utility than chart patterns. The commenter suggested that if XRP sees widespread adoption in settling real economic payments, its price could rise much faster than many technical projections anticipate.
Another community member, Coralynmoran_, acknowledged that XRP has previously completed similar chart formations but added that the current setup is one investors should monitor closely. The commenter also stressed that, regardless of the technical outlook, overall market conditions will remain a decisive factor in determining whether the projected breakout eventually materializes.
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