A new technical analysis by crypto analyst ChartNerd has predicted the long-term trajectory of the XRP price. According to the expert, the cryptocurrency could be gearing up for a new all-time high, with price targets set at an impressive $27. Already, XRP is showing signs of building momentum after its recent rebound from the $2.8 level, but ChartNerd suggests that “the ride has just begun.”
XRP Price Structure Points To $27 ATH
ChartNerd’s latest analysis on X social media outlines XRP’s long-term price structure, which has been forming since its 2018 all-time high of $3.84. After peaking and then spending nearly seven years suppressed and consolidating within a symmetrical triangle, the altcoin has finally broken free of its constraints. This breakout had triggered an explosive rally in the cryptocurrency’s price, carrying it from $0.5 to $3.6 this year in rapid succession.
Despite this impressive performance, ChartNerd explains that XRP’s price rally is far from over. The cryptocurrency’s structure suggests a much larger expansion is on the horizon, with Fibonacci Extension levels reinforcing the case for a $27 price target. Specifically, the 1.618 Fibonacci extension on the chart has been pointing to $27 ever since XRP’s 2018 high. A surge to this level would see the cryptocurrency exploding by an impressive 800% from current levels around $3.
With the symmetrical triangle pattern now broken to the upside, the long-term chart suggests the token is finally ready to move toward higher levels. The analysis identifies critical points in the cryptocurrency’s bullish journey: a breakout impulse that shattered descending resistance, a new cycle of ascending support, and the confirmation of the previous Fibonacci targets. ChartNerd concludes his analysis by urging traders to prepare for a ride that has only just begun.
Analyst Says XRP To Hit $5 First
In addition to his long-term projection, ChartNerd presented a short-term analysis that predicts XRP could skyrocket from its current price of $3 to $5, representing a roughly 66% surge. He shared a price chart that shows the cryptocurrency displaying a classic Bull Flag formation—a pattern that often signals bullish continuation after an upward move.
During the time of his analysis, ChartNerd noted that XRP was bouncing off its 20-week Exponential Moving Average (EMA) around the $2.77 level, a key area of support to prevent further declines. The Bull Flag structure is clearly visible on the chart, featuring a strong flagpole that moves upward, followed by a period of consolidation within a downward-sloping flag.
The breakout target from this Bull Flag formation points directly to the 1.618 Fibonacci Extension at $5.35. ChartNerd emphasized that while the altcoin still has work to do, holding above the 20-week EMA and breaking through flag resistance are critical to fueling this projected rally. More importantly, he says that the current Bull Flag pattern lies inside a larger flag with a bullish target set at $15.
Featured image from Pexels, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
