The cryptocurrency market is known for its unpredictability, but a closer look at the long-term trends and patterns can provide valuable insights into potential future price movements. In the case of XRP, a multi-year Cup and Handle pattern has been forming since 2018, and according to market analyst ChartNerd, this pattern could push the price toward new highs.
ChartNerd highlighted the Cup and Handle pattern in a recent analysis, noting that the cup was completed during the mid-2025 rally and the handle has been forming since the altcoin reached its latest all-time high. The analyst suggests that XRP may seek a Gaussian Channel retest to mark a periodic bottom, which has been a strong confluence area over the past nine years. This retest could potentially occur in the $0.70-$0.90 area, where the 0.50 FIB level awaits as support.
Historical Context and Future Projections
To understand the significance of this pattern, it's essential to look at the historical context of XRP's price movements. The cryptocurrency has seen three similar retests within the cup, which also marked the cycle low in 2017. Furthermore, ChartNerd notes that the potential handle bottom of the Cup and Handle formation aligns with a key multi-year retest inside a fractal. This fractal is similar to the setup that led to XRP's massive 68,000% expansion during the 2017-2018 rally.
Ahead of its 2027 breakout, XRP retested its multi-year ascending support three times, experiencing significant advances followed by strong corrections inside descending channels. Since 2020, the altcoin has been developing the same pre-breakout setup, with an ascending support level that has held for roughly six years. After two retests of the crucial support, the cryptocurrency appears to be developing the same descending channel, which could lead to a third retest of the ascending trendline and an eventual 2,000% multi-month rally toward a new double-digit high.
According to ChartNerd, if XRP respects this pattern into late 2026, it could potentially create the third retest, which is what was seen in the early cycles before the expansion in 2017. This would put XRP on track to reach double-digit values, with potential targets sitting around $13 and $27. As of now, XRP trades at $1.43, a 6% decline on the daily timeframe, but the long-term outlook remains optimistic.
