XRP could be approaching an important stage in a technical pattern that has developed over several years.
Crypto analyst ChartNerd has identified what he describes as an 8.5-year cup-and-handle formation on the XRP chart, with the asset now approaching a key Fibonacci level that could determine the pattern’s next phase.
The analyst’s chart, posted on X, presents potential long-term targets at $8, $13, and $27, although the timing of such a move remains uncertain.
🚀 $XRP's 8.5 year cup-and-handle formation stands out as one of the largest macro setups on any chart right now, fast approaching the golden pocket (0.618) which has the potential to underpin a major long-term uprising towards our FIB extensions of $8/$13/$27 ☕️ https://t.co/kWL1RkGTV2 pic.twitter.com/s6kBC0h6x4
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 4, 2026
ChartNerd Highlights 8.5-Year Formation
In his post, ChartNerd described XRP’s current structure as an “8.5-year cup-and-handle formation” and said it stands out as one of the largest macro setups on any chart.
The attached chart traces XRP’s price action from 2017 through 2026. It identifies the earlier decline and prolonged recovery as the cup portion of the formation, followed by the more recent consolidation as the handle.
The chart also marks several previous “Gaussian Retest” areas, where XRP interacted with a long-term red moving average. According to the setup presented by ChartNerd, these historical retests have occurred at important stages of XRP’s longer-term price development.
The current handle has developed after XRP reached the upper portion of the broader formation. The chart shows the cryptocurrency declining from its 2025 highs before approaching the highlighted support area.
Golden Pocket Becomes Key Level
ChartNerd said XRP is “fast approaching the golden pocket (0.618),” referring to the 0.618 Fibonacci retracement level displayed on the chart.
The chart places this level around $0.89465, while another marked support level sits near $0.60998 at the 0.786 Fibonacci retracement. ChartNerd’s analysis suggests that the 0.618 level could provide an important area of support if XRP continues to retrace.
The analyst said this level has the potential to support what he called a “major long-term uprising.” His Fibonacci extensions project potential levels around $8, $13, and $27.
These targets represent a substantial increase from the support levels identified in the current structure. However, the chart presents them as longer-term Fibonacci extensions rather than guaranteed price outcomes.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Timing Remains Uncertain
While ChartNerd’s analysis focuses on the structure and potential targets, one X user questioned when the projected move could actually occur.
Commenting on the post, DiscoFarsh asked, “The question is when?” The user noted that similar charts have appeared for a year or more and said that nobody knows the timing.
That concern highlights an important distinction within ChartNerd’s analysis. The chart identifies a long-term technical pattern and potential price levels, but it does not establish a specific date for XRP to reach those targets.
For now, the analyst’s thesis centers on XRP maintaining the larger cup-and-handle structure as it approaches the 0.618 Fibonacci level. If the support zone holds, ChartNerd expects the broader formation to remain relevant as XRP potentially moves toward the $8, $13, and $27 Fibonacci extensions.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
