XRP News Today: XRP Price Surge Predicted to Reach $8-$27 Based on Fibonacci Extensions

Crypto analyst ChartNerd has shared a long-term XRP chart suggesting a significant potential price surge for the asset in the current cycle, citing technical indicators based on historical Fibonacci extensions. The chart shows a series of monthly candlesticks dating back to 2013, highlighting key breakout levels and projected targets for XRP. According to the chart, XRP previously respected the 1.272 and 1.618 Fibonacci levels during its earlier cycle, which were hit at $0.13267 and $0.36911, respectively. ChartNerd labels this prior performance as a foundation to justify similar projections in the ongoing bullish cycle. The chart is framed within a rising trendline that has held since the 2017 breakout and continues to support the asset’s broader market structure. The phrase “BREAK FOR IMPULSE” is placed at horizontal resistance lines that XRP has now crossed, suggesting the analyst views this as a technical confirmation of an upward trajectory.

The chart indicates that XRP has broken above a key horizontal resistance level that served as the top on previous rallies. This breakout is considered crucial by ChartNerd, as it marks the transition from a consolidation phase into what the analyst identifies as an impulsive move. The current market price on the chart is marked at approximately $3.25, accompanied by a timestamp of “2M 14d,” implying this is a monthly chart with over two months of candle duration remaining in the current bar. The price history over the past decade shows a pronounced low in early years, a major rally during the 2017 cycle, and a prolonged period of sideways movement from 2018 through 2023. Throughout this entire timeline, XRP has maintained its position above a key trendline, adding support to ChartNerd’s suggestion of structural bullish continuity.

In the chart’s upper right quadrant, two Fibonacci extension targets are presented. The 1.272 extension corresponds to a price level of $8.41485, while the 1.618 extension marks a high of $27.34345. These are labeled as “BR TARGETS,” reflecting potential targets based on the breakout pattern established by the asset’s historical behavior. ChartNerd has titled the image “$XRP CYCLE TOP ($8–$27),” reinforcing the suggested range for this cycle’s projected peak. These targets are not arbitrarily chosen but follow the precedent set by earlier movements, where XRP respected similar Fibonacci levels during its run from sub-penny prices to over $3 in previous years. By applying the same technical logic, ChartNerd extrapolates the $8–$27 range as feasible, should XRP replicate historical behavior post-breakout.

The visual data implies that the analyst’s perspective relies entirely on technical chart structures, without incorporating macroeconomic or regulatory developments. Emphasis is placed on the repeating nature of impulse waves and the role of Fibonacci extensions in forecasting cycle tops. The breakout line labeled “BREAK FOR IMPULSE” is a defining part of this model, as it historically precedes substantial upward movement. The projected targets align with common Fibonacci extension theory. The analyst did not provide specific dates for when these levels might be reached, instead allowing the market structure to dictate the timing. The use of a monthly chart also suggests that the outlook is based on long-term positioning rather than short-term volatility. ChartNerd’s tweet, accompanied by this image, stated, “$XRP to $8–$27 this cycle.” The assertion is grounded in a technical interpretation of historical performance and pattern repetition, focusing on Fibonacci metrics and breakout confirmations as the primary basis for forecasting XRP’s potential upside in the current market cycle.