XRP Chart Update: Here’s What This 8.5-Year Cup & Handle Means for Price Rally

ChartNerd (@ChartNerdTA), a prominent crypto analyst, recently shared a chart that shows XRP at a key technical area that could shape its next long-term move.

The analysis highlights a multi-year pattern that remains active while the token tests support levels that could define the next stage of the setup.

In his post, ChartNerd said the “8.5 year cup & handle remains intact.” The analyst added that the asset is approaching key support zones as it searches for a handle low before a potential upward move.

Cup and Handle Pattern Remains Intact

The chart centers on an 8.5-year cup and handle formation, one of the best-known bullish continuation patterns in technical analysis. The neckline sits near XRP’s previous cycle highs, while the rounded cup stretches from the 2018 peak through the extended consolidation.

According to the chart, XRP already completed the cup pattern after rallying into the neckline during the rapid surge in late 2024. XRP spent some time consolidating before pulling back to form the handle. The asset has spent months in this phase, but the chart suggests it is at the bottom of the handle. What often follows is a strong advance to previous highs before another attempt to break above resistance.

Additional Bullish Signals

The chart identifies two nearby Fibonacci retracement levels that serve as the primary support area for the handle. The 0.618 retracement sits around $0.89, while the 0.786 retracement stands near $0.61.

ChartNerd also highlighted several “Gaussian Retest” zones across the pattern. Each retest aligns with the red Gaussian Channel support line, which has acted as a trend guide during previous stages of the long-term advance. The latest green support zone appears where the current pullback meets both the Gaussian Channel and Fibonacci retracement levels.

Next Targets Extend to $27

If the pattern continues as outlined, ChartNerd expects the next markup phase to reach several Fibonacci extension levels over the coming years. The chart projects extension targets at approximately $8, $13, and $27. The chart does not indicate a timeline for reaching those levels, but the analyst expects XRP to reach them in the coming years.

Those levels correspond with the Fibonacci extension markers displayed above the neckline. $27 represents the highest long-term objective shown, and a level that ChartNerd has predicted multiple times before.

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