XRP Nears Crucial Fib Level as Analyst Eyes Major Long-Term Move

A technical analysis by Crypto analyst ChartNerd suggests that XRP is approaching an important stage in its price development. The analyst identified an 8.5-year cup-and-handle formation on the XRP chart, with the asset now nearing a key Fibonacci level.

The cup-and-handle structure has developed over several years, with the earlier decline and prolonged recovery representing the cup portion of the formation. The current handle has formed after XRP reached the upper portion of the broader formation, declining from its 2025 highs before approaching the highlighted support area.

ChartNerd notes that XRP is 'fast approaching the golden pocket (0.618),' referring to the 0.618 Fibonacci retracement level around $0.89465. This level has the potential to support a 'major long-term uprising,' with Fibonacci extensions projecting potential levels around $8, $13, and $27.