Crypto
XRP Cup-and-Handle Pattern Points to $27 Price Target
Crypto analyst ChartNerd has identified an 8.5-year cup-and-handle pattern on XRP, suggesting that the token is nearing a long-term price target of $27.
The analysis was shared this week by CryptoPotato, highlighting the potential for a significant price increase in the coming months.
XRP currently trades at around $1.06, down significantly from its highs in the past year due to a deep correction.
ChartNerd's research suggests that XRP is approaching the 0.618 Fibonacci retracement level, which could set up long-term targets of $8, $13, and $27.