Renowned chart analyst Chart Nerd has publicly refuted recent claims suggesting a Cup and Handle pattern could push XRP’s price to $750. He criticized these triple-digit price targets found on YouTube as being tailored to fit speculative narratives rather than relying on established technical analysis or market data.
Technical analysis and key levels
According to Chart Nerd, there is an eight-year Cup and Handle pattern visible on XRP’s chart, based on both the Gaussian Retest and Fibonacci Retracement levels. For this classic bullish setup to come into play, XRP would need to break through $3.30, a resistance point it has not reached since August 25, 2025, according to TradingView figures.
This analysis traces Ripple’s native token back to 2015 and points to the Cup and Handle formation initializing in 2018. Chart Nerd laid out three potential targets in a bullish scenario: $8.47, $13.69, and $27.30, each supported by a combination of historical chart data and on-chain indicators.
The initial target, $8.47, corresponds to the 1.27 Fibonacci extension level. The subsequent targets, $13.69 and $27.30, are positioned at the 1.41 and 1.618 Fibonacci levels, respectively. These projections use Fibonacci analysis, a technique developed by the Italian mathematician Leonardo Fibonacci that helps identify possible support and resistance levels based on historical price movements.
Mini dictionary: Gaussian Channel – A technical indicator often used in trend analysis that applies a series of smoothed moving averages to plot dynamic support and resistance zones.
The $3.30 resistance level—described as the neckline—remains the vital threshold for any bullish continuation. Without this breakout, higher targets may remain out of reach.
| Level | Fibonacci Ratio | Price Target |
|---|---|---|
| Neckline/Trigger | – | $3.30 |
| Target 1 | 1.27 | $8.47 |
| Target 2 | 1.41 | $13.69 |
| Target 3 | 1.618 | $27.30 |
| Main Supports | 0.50 / 0.618 | $0.89 / $0.64 |
Support zones and risk parameters
If XRP’s price drops, Chart Nerd outlined two primary support areas. The first is at $0.89, representing the 0.50 Fibonacci retracement level. Another vital support sits around $0.64, tied to the 0.618 Fibonacci level and previously seen as a strong demand zone for bullish traders seeking liquidity.
A red Gaussian Channel on the price chart is noted as a source of rising dynamic support. Multiple green dots—each corresponding to prior successful retests of this channel—reinforce it as a durable trend structure. Maintaining values above $0.64 is considered essential for keeping the Cup and Handle pattern intact; a persistent decline below this zone would undermine the broader bullish forecast for XRP.
Current price position
Presently, XRP is trading between two significant moving averages. The coin stands three cents above its Smoothed Moving Average (SMA), depicted as a purple line in Chart Nerd’s analysis. Meanwhile, the Double Exponential Moving Average is positioned at $1.54. Bulls are watching this level for further signs of positive price momentum.
XRP’s Cup and Handle pattern could point the way toward $8.47, $13.69, and $27.30 targets—if the price successfully breaks above the $3.30 neckline first.
