Analyst Says XRP Dropping to These Levels Could Lead to a Euphoric Surge

Crypto analyst ChartNerd (@ChartNerdTA) recently highlighted a significant monthly structure in XRP’s price action that could indicate a major move ahead. The chart shows a potential pattern similar to the 2017 drop-and-run setup. According to ChartNerd, a price drop in the next few months could lead to a “EUPHORIC climb.”

Historical Context

The chart illustrates XRP’s monthly history, including critical periods such as the 2018 peak. In 2016-2017, XRP consolidated near the blue line shown on the chart before a rapid surge. ChartNerd’s analysis draws parallels to that period. Price compression followed by a breakout defined the previous cycle, establishing a benchmark for current observations.

Since 2022, XRP has shown periods of sustained support along the blue moving average. These zones coincide with the highlighted circles in the chart, which mark critical tests of support.

Historically, testing this support twice preceded large upward moves. The first test in late 2024 sent XRP up by 500%, and the second test could confirm a repeat of this pattern, leading to the euphoric surge ChartNerd expects.

Current Structure

The chart indicates that XRP may test levels near $0.80 and $0.70 in the near term. The moving average currently sits at $0.7241, falling within the highlighted support range. According to ChartNerd, this scenario mirrors the 2017 drop that preceded a major rally. The blue moving average is below $1.52, suggesting support is established, and a reversal could be forthcoming.

The projected green candles at the end of the chart illustrate the potential upside if the pattern completes successfully. ChartNerd did not outline a specific target, but the chart suggests that XRP could surpass $20. The analyst previously set a $27 target for the digital asset. Investors could take this as a peak for its next upward move.

Future Outlook

If XRP follows the projected pattern, the next few months could see a controlled decline before a strong upward move. Such a structure would resemble the 2017 drop-and-run cycle. Support levels near $0.70-$0.80 may provide a low-risk entry for traders positioning for the next leg higher.

ChartNerd’s analysis suggests that market participants should focus on the support region while monitoring monthly close behavior. The consistency of XRP’s prior reactions to these zones indicates a repeating structural pattern. Traders may interpret this as an opportunity to accumulate in advance of the projected rise.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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