XRP Analyst Spots Massive Pattern With $27 Target

Crypto analysts are paying close attention to XRP as it trades near $1.06 following a broad market correction. Chart analyst ChartNerd recently pointed out an 8.5 year cup and handle pattern on the XRP chart, calling it one of the largest macro setups currently visible in the market. The technical structure suggests that reaching key Fibonacci retracement levels could eventually clear a path toward long term targets at $8, $13, and $27.

Not everyone agrees on the short term path, however. Some market watchers warn that XRP could spend the coming months consolidating near current levels or testing lower supports between $0.80 and $0.95. Trader CryptoBull remains firmly bullish, dismissing lower retracement targets and betting that the token will skip straight to higher goals without a deeper crash.

Other voices in the market are keeping a close eye on immediate support levels. Analyst Ali Martinez noted that holding the $1.06 mark is crucial for a potential bounce toward $1.35 and $1.64. Meanwhile, losing that support could invite further downside toward $0.62. Traders are watching these technical levels closely to see if XRP can shake off its recent downward momentum and build a base for its next major move.