XRP has spent over eight years trading beneath a major resistance level. Crypto analyst ChartNerd (@ChartNerdTA) believes the asset is now approaching a third retest of a long-term trend line, one that has shaped every significant price move since 2017. The setup, according to ChartNerd, mirrors a structure that preceded XRP’s most explosive historical runs.
ChartNerd notes that this retracement marks “only the 5th instance in history where price has retraced beyond 70%.” He considers those drawdowns to be high-conviction entry zones for investors willing to hold through extended periods of volatility. His current targets sit at $8 and $13, with a 1.618 Fibonacci extension pointing toward $27.
🚀 $XRP has historically built cyclical baselines across multi-year periods before witnessing HUGE vertical expansion; and this retracement could be one of the largest springs yet 👇🏼
We're now approaching a 3rd major retest, mirroring the same 4 point point of contact structure… pic.twitter.com/1x0Bqhvksb
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 26, 2026
The Trendline That Has Held Since 2017
The chart ChartNerd shared shows XRP’s price action across more than a decade. Since a breakout in 2017, a descending trendline has served as a recurring reference point. XRP touched it in 2020, pulled back, touched it again near 2022 and 2023, then broke upward in late 2024 before retracing. ChartNerd identifies the current move as the third major retest of that structure.
He has drawn a parallel to the 2013-2017 period, during which four contact points on a similar structure preceded a vertical price move. His post states the current setup is “approaching a 3rd major retest, mirroring the same 4 point contact structure between 2013-2017 before the vertical breakout.”
Moon Lambo Adds Context
Analyst Moon Lambo (@MoonLamboio) covered ChartNerd’s analysis in a recent video. He explained the trend line logic to his audience and noted that multiple analysts, using different technical methods, are reaching similar conclusions.
Moon Lambo also acknowledged that ChartNerd’s model allows for a move below $1 before any significant reversal. He told viewers not to panic if that occurs. “Markets find bottoms, and then they reverse ultimately,” he said. He added that none of the analysts he follows believe higher timeframe structure is broken even in that scenario.
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Price Discovery Pressure Builds
ChartNerd describes the current environment as one where “price discovery pressure is undeniable.” After 8.5 years of trading beneath resistance, he argues the structure is set to resolve with a significant upside move.
He stops short of projecting the same magnitude as prior cycles but sees $8 to $13 as realistic targets, with $27 as a lower-probability but valid extension. Whether XRP dips below $1 first or not, both analysts see the current zone as one that warrants close attention.
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.
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