cryptd.in

Alternatívna sieť LinkedIn pre talenty podporujúce kryptografiu

XRP Forms Long-Term Pattern With $27 Price Target: Analyst

-

podľa

cryptd.in
na stránke

Chart analyst ChartNerd flagged an 8.5-year cup-and-handle pattern on XRP this week, arguing that the token is nearing the 0.618 Fibonacci retracement level that could set up a long-term move toward $8, $13, and $27.

The outlook arrives while XRP itself sits near $1.06, deep in a correction that has wiped out most of its gains from the past year.

Cup and Handle Points to $8, $13, and $27

In an August 4 post on X, ChartNerd said XRP’s cup-and-handle formation is “one of the largest macro setups” on the market and that the token is approaching the 0.618 Fibonacci retracement level, which the analyst believes could support a move toward the Fibonacci extension targets of $8, $13, and $27.

According to him, the targets are “not an if, but a when,” and he has also warned that short-term price action remains uncertain. The analyst said XRP’s recent weakness does not necessarily point to problems with the asset itself, describing it as part of a wider crypto market correction.

That conviction comes with a caveat. In a separate post, ChartNerd laid out a scenario where XRP spends the rest of the year consolidating around $1, comparing it to the bottoming process from June 2022, with a Gaussian channel indicator only catching up to price gradually instead of through a steep drop first.

He framed the scenario as an alternative to an earlier $0.90 to $0.70 target range, not a reversal of the long-term thesis, adding that the original roadmap toward the $1 area was mapped out back when XRP traded near $1.80 to $2.

But not everyone is buying ChartNerd’s numbers. Trader CryptoBull dismissed the lower short-term targets in a post this week, betting XRP skips past $0.87 and $0.73 entirely.

“Those waiting for $0.87 or $0.73, I will see you at $23,” he wrote.

XRP’s Price Slide and What Other Analysts See

Other analysts have also focused on XRP’s current technical position, including EGRAG CRYPTO, who said the Ripple token had lost its 50-day moving average and was approaching the 100-day exponential moving average, a level the analyst described as historically important for long-term support.

According to the market watcher, a move toward the $1 to $0.95 range could be a normal retest if XRP holds that area. He placed a possible downside target near $0.80 if the token falls toward the lower boundary of its long-term channel, while maintaining targets of $15, $27, and above $50.

Another analyst, Ali Martinez, also pointed to $1.06 as the level that could decide XRP’s next move. In an August 4 report, Martinez said holding that price could open a path toward $1.35 and $1.64, while losing it could expose XRP to a drop toward $0.62.

The asset was trading around $1.06 at the time of writing, with CoinGecko data showing it had gone down by about 2% over seven days and more than 6% across 30 days. Over the past year, XRP has fallen about 65%, keeping it nearly 71% below its all-time high of $3.65.

Príspevok XRP Forms Long-Term Pattern With $27 Price Target: Analyst sa objavil ako prvý na CryptoPotato.

Komentáre

Pridaj komentár

Vaša e-mailová adresa nebude zverejnená. Vyžadované polia sú označené *

Najnovšie kanály

Obľúbené kategórie

sk_SK Slovenčina
sk_SK Slovenčina en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sl_SI Slovenščina sv_SE Svenska

Vyhľadávanie na webovej lokalite

Populárne príbehy

Značky

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BVšetko, čo potrebujete (1) #BracebridgeCapital (1) #BRC20Tokeny (1) #BTCakvizícia (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) 1TP5DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Finančný vplyv (1) #FinancieSúkromie (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investície (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #Právny vplyv (1) #Legislatíva (1) #LightningNetwork (1) #M Analýza trhu (3) #M Monitorovanie trhu (1) #M Predpoveď trhu (1) #M Predpovede trhu (1) #M trhová projekcia (1) #M MarketSupport (1) #MVolatilita trhu (1) #M manželstvo (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #M Pranie peňazí (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPredpoveď (1) #PriceMilestone (1) #PcenaPredpoveď (2) #Prieskumná otázka (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #Regulačný tlak (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Technická analýza (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XR Cena (1) #XRPupswing (1)

Užitočné odkazy

Odkazy, ktoré som našiel užitočné a chcel som sa o ne podeliť.