$XRP Long-Term Cup-and-Handle Structure Rejected by ChartNerd Analysis

Analyst ChartNerd has rejected the $750-$1,000 price target for XRP based on its long-term cup-and-handle structure. The chart shows a multi-year formation beginning around XRP's 2018 price peak and extending through the current market structure.

The cup-and-handle 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. These levels represent technical projections rather than confirmed price outcomes.

The analysis notes that the long-term chart also tracks repeated interactions with a Gaussian Channel, which may see another retest before establishing a longer-term bottom.

Fibonacci extensions place the highest level near $27, indicating that XRP's potential move could be much lower than initially thought. ChartNerd emphasizes that these levels are technical projections and not confirmed price outcomes or deadlines.