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Analyst Projects Timeline for XRP to Hit $8–$27
A recent forecast has emerged from ChartNerd, a well-known crypto analyst, suggesting that the price of Ripple’s XRP (XRP) may reach levels between $8 and $27 in the current market cycle. This projection is based on historical Fibonacci extensions and breakout confirmations, which are considered essential components in forecasting long-term potential.
According to the presented chart, it appears that the asset has broken above a key resistance level marked by ChartNerd as “BREAK FOR IMPULSE.” This significant event serves as a signal for an impulsive move upward. The analyst’s primary focus lies on technical structures rather than macroeconomic or regulatory developments.
The provided monthly chart illustrates XRP’s historical price action, featuring the asset’s low point in early years, followed by a major rally during 2017 and a period of consolidation from 2018 to 2023. Throughout this timeline, XRP has consistently maintained its position above a key trendline, further supporting ChartNerd’s notion of structural bullish continuity.
Based on historical performance and pattern repetition, the analyst projects targets in alignment with common Fibonacci extensions theory. The proposed range of $8–$27 is based solely on these technical indicators, which are deemed crucial in predicting XRP’s potential upside within the current market cycle.
Source: timestabloid.com
