Crypto analyst ChartNerd (@ChartNerdTA) believes XRP is following a path that resembles the period before its 2017 rally. He stated that the highly anticipated XRP retest he previously discus
Crypto analyst ChartNerd (@ChartNerdTA) believes XRP is following a path that resembles the period before its 2017 rally. He stated that the highly anticipated XRP retest he previously discussed is “well on its way to mimicking the same pre-2017 reset signals.”
The chart highlights a breakout above a long-term descending trendline, followed by a consolidation area he labeled as the retest. ChartNerd also wrote that “Macro FIB extensions still remain between $8/$13/$27 once we mark this cycle bottom.” The post adds that “H2 2026 is the time to be opportunistic,” placing the focus on the second half of 2026 rather than an immediate move.
The highly anticipated $XRP "retest" that we analyzed back in April is well on its way to mimicking the same pre-2017 reset signals. Macro FIB extensions still remain between $8/$13/$27 once we mark this cycle bottom. H2 2026 is the time to be opportunistic – #NFAhttps://t.co/t2d92FAUL0pic.twitter.com/UMCpKKoR8C
— ChartNerd
(@ChartNerdTA) June 7, 2026
The chart presents a side-by-side comparison between XRP’s earlier price cycle and the current structure. In the smaller historical section, XRP breaks above a descending trendline before returning to test that breakout level. After that consolidation and the asset retesting the top of that trendline, the chart shows its sharp advance in 2017.
The larger section applies the same concept to the current market. XRP moved above another descending trendline during its rally in late 2024. Following this move, XRP rose to an all-time high before entering an extended decline.
The analyst appears to view this decline and consolidation phase as part of a repeating pattern rather than a reversal. The chart suggests that the historical sequence serves as a model for what could follow if the pattern continues.
ChartNerd’s analysis places significant attention on Fibonacci extension levels. The chart displays targets at approximately $8.42, $13.68, and $27.47, which correspond to the 1.272, 1.414, and 1.618 extension levels shown on the graphic.
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The chart also includes a comparison image of a triangle breakout strategy on another market. In the context of the XRP chart, this reinforces the idea that the highlighted consolidation phase could give way to a massive surge if XRP retests the descending trendline and holds above it.
Based on the post and chart, ChartNerd expects the current retest phase to continue following the structure seen in XRP’s 2017 advance. The analysis centers on a breakout, a retest of that breakout area, and then a potential move toward the Fibonacci extension levels shown on the chart.
The timeline also stands out. Rather than focusing on the coming weeks, the analyst specifically highlighted the second half of 2026. This gives investors some time to accumulate at low prices before the rally begins.
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