XRP is once again nearing a pivotal technical threshold after spending more than eight years below a key resistance. Crypto analyst ChartNerd (known on X as @ChartNerdTA) highlighted XRP’s ap
XRP is once again nearing a pivotal technical threshold after spending more than eight years below a key resistance. Crypto analyst ChartNerd (known on X as @ChartNerdTA) highlighted XRP’s approach to a third significant retest of a long-term trendline. This particular structure has influenced every major price swing in XRP since 2017 and is now drawing attention from investors and technical traders.
ChartNerd’s latest analysis traced XRP’s price movement over more than a decade, emphasizing a descending trendline that has acted as strong resistance since 2017. The digital asset first touched this line during its 2020 rally, revisited it in late 2022, and broke above it in 2024 before pulling back again.
By framing the present move as the third major retest, ChartNerd observed an important technical parallel to XRP’s performance between 2013 and 2017. During that period, four critical contacts with a similar structure preceded a rapid vertical surge in price.
He identified this retracement as “only the 5th instance in history where price has retraced beyond 70%,” suggesting such drawdowns have often presented strong opportunities for long-term holders prepared to navigate volatile conditions.
ChartNerd outlined that XRP typically forms cyclical baselines over several years before sharp upward expansions, and current conditions may signal one of the largest breakouts yet. He currently projects targets at $8 and $13, with a potential Fibonacci extension pointing toward $27 if upward momentum persists.
Analyst Moon Lambo (@MoonLamboio) also addressed ChartNerd’s outlook in a recent broadcast, explaining the history and logic of the trendline to his audience. He noted that different technical strategies point to similar conclusions about XRP’s price structure and potential breakout zones.
Moon Lambo acknowledged that ChartNerd’s model leaves room for a further move below $1 before any decisive reversal. He urged viewers not to be alarmed by possible lows, stating that markets eventually find their bottom before reversing course. Both analysts agreed that even with temporary declines, the higher timeframe structure remains intact.
Moon Lambo emphasized that investors should not panic if XRP dips below $1, as various analysts believe the fundamental setup is not compromised even in such scenarios.
ChartNerd described the current market backdrop as one of intense “price discovery pressure.” With 8.5 years beneath a critical resistance, he said XRP is poised for a significant resolution, which could materialize through an accelerated upward move.
The analyst remains cautious about matching the scale of previous bull cycles but considers $8 to $13 reasonable short-to-medium-term objectives if the setup holds. The $27 target is considered less likely yet achievable if momentum carries further.
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While analysts stress the importance of closely following XRP’s price action at these critical levels, they also highlight both the opportunities and risks associated with such historically significant retracements and retests.
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