XRP News Today: XRP Projected to $27 (852% Gain) via Fibonacci Analysis, Technical Breakout Confirmed

Technical analyst ChartNerd (@ChartNerdTA) has highlighted a potential multi-year price surge for XRP, projecting a target range of $8 to $27 based on historical patterns and Fibonacci extension levels. The analysis, shared via social media and detailed in a recent article, employs Elliott Wave theory and volume trends to argue XRP is entering a bullish phase after years of consolidation [1]. The forecast hinges on the asset’s adherence to Fibonacci retracement levels and structural breakouts, with the analyst emphasizing that “FIBS NEVER LIE” in predicting future price movements.

The chart analysis traces XRP’s price history through a five-wave Elliott Wave structure. Wave 1 (2014) and Wave 3 (2017-2018) established a historical trajectory, with Wave 3 peaking at $3.36—the asset’s previous all-time high. A prolonged Wave 4 decline followed, bottoming at $0.0114 in 2020 before stabilizing in a symmetrical triangle pattern. A breakout above converging trendlines in late 2024 confirmed the resumption of an upward trend, with XRP recently reaching $3.65, a new all-time high [1]. ChartNerd posits the current phase as Wave 5, which could drive the asset to double-digit levels if historical correlations hold.

The Fibonacci extension levels from 2017-2018 are a key component of the analysis. During Wave 3, XRP hit precise targets at $0.14361 (1.272 level), $0.22030 (1.414), and $0.40732 (1.618). Applying the same ratios to the current Wave 4 base and Wave 1-3 structure yields new projections: $8.44 (1.272), $13.65 (1.414), and $27.23 (1.618). The analyst’s recent tweet underscores this sequence, stating “FIBS NEVER LIE: $XRP > $8 > $13 > $27” [1]. These targets align with the observed volume trends, which show declining sell-side activity during consolidation, reinforcing the case for a structural shift.

Volume dynamics further validate the breakout. The analyst notes a long-term decline in volume during the 2020-2024 consolidation phase, signaling reduced selling pressure. This “tailing volume” coincided with the 2024 triangle breakout, adding credibility to the upward trend. At current levels of $3.17, XRP appears to be in a position where Fibonacci projections could catalyze further gains, provided market conditions remain aligned with the technical setup [1].

While the analysis is grounded in historical correlations, it is explicitly framed as a forecast rather than a guarantee. The disclaimer in the original article clarifies that the content is informational and not financial advice, urging readers to conduct independent research before making decisions. Market volatility and external factors—such as regulatory developments or macroeconomic shifts—could alter the trajectory, underscoring the speculative nature of long-term projections [1].

The focus on Fibonacci and Elliott Wave structures reflects the enduring influence of technical analysis in cryptocurrency markets. However, such tools remain subject to debate, with critics noting their reliance on historical patterns in a market characterized by rapid, unpredictable shifts. ChartNerd’s analysis aligns with a broader trend of using long-term charts to identify inflection points, but traders are cautioned to weigh these signals against broader market dynamics.

Source: [1] [TimesTabloid: XRP to $8? Analyst Says FIBS Never Lie About Recoveries] [https://timestabloid.com/xrp-to-8-analyst-says-fibs-never-lie-about-coming-recoveries/]