ChartNerd Ditches Fibonacci for Cup-and-Handle Analysis on XRP

XRP price predictions are under scrutiny after an analyst rejected viral charts suggesting a $750-$1,000 target. ChartNerd clarified his analysis by pointing to an 8.5-year cup-and-handle pattern with realistic targets at $8, $13, and $27.

The Fibonacci-based targets were deemed manipulated by the analyst, who emphasized the importance of using technical patterns to make predictions.

However, the new analysis has drawn mixed reactions, with some questioning repeated technical analysis (TA) forecasts versus actual adoption and XRP's failure to hold above $4 despite years of similar forecasts.