XRP Cup-Handle Structure: Fibonacci Extensions Contradict High Price Targets

An analyst has disputed the notion that XRP's long-term cup-and-handle structure could lead to price targets of $750-$1,000. ChartNerd, a chart analyst, assessed the support levels and Fibonacci extensions of this pattern, concluding that it does not support such high projections.

The multi-year cup-and-handle formation in XRP has been drawing attention as analysts evaluate its potential for breaking out. The structure highlights potential support near $0.894 and $0.642, while Fibonacci extension levels place conditional upside targets at approximately $8.47, $13.70, and $27.31.

The chart maps an 8.5-year cup-and-handle formation, starting from XRP's 2018 price peak and extending through the current market structure. According to ChartNerd, the rounded cup has already formed, with the decline following XRP's 2025 peak representing the developing handle. The latest chart places XRP near $1.47, above two marked Fibonacci support levels.