Crypto Analyst Maps Out The XRP Price Roadmap From $3 To $27

XRP’s price has been showing signs of consolidation in recent days and oscillating between $2.30 and $2.50. The entire crypto market has been relatively steady, and XRP has managed to maintain its footing above $2.20. Despite the slow momentum, a technical analysis shared by the crypto analyst known as ChartNerd on X suggests that XRP could be preparing for a massive breakout that could take it from current levels toward a long-term target above $27. The analysis is supported by a chart showing multiple confluences aligning in favor of such a large-scale ￰0￱ Technical Analysis Points To Rally According to ChartNerd’s chart, XRP has now completed a symmetrical triangle breakout pattern that has been forming for several ￰1￱ breakout is occurring above a multi-year ascending support line that dates back to ￰2￱ chart also shows an important resistance block that previously capped XRP’s price during earlier bull runs in 2017 and ￰3￱ Reading: XRP Price Teleport To $6: What Happens When The Euphoric Phase Begin XRP broke above this resistance block months ago, but recently retested it during last week’s flash ￰4￱ rebound from this resistance block reinforces the idea that XRP is about to bounce ￰5￱ breakout from this long-term consolidation zone, combined with the multi-year ascending trendline, provides the technical foundation for a potential move toward much higher price ￰6￱ important confirmation that occurred during the flash crash was the successful retest of the 3-month 10 ￰7￱ retest serves as a validation point for the recent breakout, showing that XRP is maintaining its structure on higher timeframes.

Furthermore, the analysis shows that XRP has reclaimed the Gaussian Channel upper regression line, which represents long-term trend ￰8￱ alignment of the EMA retest with the Gaussian Channel suggests strong bullish momentum is beginning to ￰9￱ refers to this convergence of multiple indicators as a “confluence zone.” Fibonacci Extension Targets From $8 To $27 The analysis concludes with a clearly defined Fibonacci extension roadmap that outlines XRP’s next price objectives. ChartNerd’s Fibonacci levels place the first major target at $8.47, corresponding to the 1.272 extension, followed by $13.78 at the 1.414 level, and finally the 1.618 extension at $27.70.

Related Reading: Analyst Warns XRP Investors That A Supply Squeeze Is Coming And What It Means For Price This sequence implies a full technical replication of XRP’s bull run in 2017, scaled to its current breakout ￰10￱ then, XRP hit all three Fibonacci extensions from the previous low after breaking above a similar resistance ￰11￱ these projections materialize, XRP could experience its most significant rally in ￰12￱ move toward $27 could unfold in one of two ways: either through a strong, near-vertical surge similar to the explosive rally of 2017 or through a series of measured advances highlighted by corrections at each resistance level. Nonetheless, both scenarios have the same bullish ￰13￱ the time of writing, XRP is trading at $2.44, up by 1.4% in the past 24 ￰14￱ image from iStock, chart from ￰15￱