Crypto analyst ChartNerd has suggested that XRP could potentially surge another 30% from its current price, despite the risk of the altcoin wiping out its year-to-date gains following the recent market downturn.
In a post on X, ChartNerd outlined how XRP could rally to $2.70 in the near term, provided it holds key Fibonacci support levels and forms a higher low. He identified three support targets: $2.00, $1.99, and $1.89. The $2.70 target aligns with the base of a descending triangle from which XRP broke down after last October’s market crash.
ChartNerd also pointed out that XRP is currently in a falling wedge breakout pattern, which often leads to a rally back to the point of the initial breakdown—in this case, the $2.70 resistance level. He cited bullish fundamentals that could support such a move, including Ripple’s reported connections to South Korea’s tokenized infrastructure and expectations for major expansion of XRP.
However, XRP faces the risk of further decline amid the broader market crash led by Bitcoin, which recently fell to around $92,000. This pushed XRP below the key psychological level of $2.00. The market downturn has been linked to new U.S. tariffs on some European nations and potential retaliatory measures, raising concerns about a renewed trade war.
Interestingly, ChartNerd described the recent crash as a potential “blessing in disguise.” He referred to a liquidity pocket around $1.80 on the monthly heatmap, noting that the drop has swept XRP into that exact area of sell-side liquidity, which could provide clarity and set the stage for a rebound.
He views the current decline as a minor setback rather than a major reversal, emphasizing that Bitcoin has not broken any key structures. According to ChartNerd, this presents an “opportunity” as long as the overall trendline holds. If Bitcoin successfully defends this trend, XRP could see a bounce.
As of now, XRP is trading around $1.96, down more than 4% over the past 24 hours.
Frequently Asked Questions
FAQs XRP Price Could Jump 30 If This Pattern Holds
BeginnerLevel Questions
1 What is this pattern everyone is talking about for XRP
The pattern is a technical analysis chart formation often a specific shape like a bull flag or symmetrical triangle that some analysts believe suggests a potential 30 price increase if XRPs price breaks out of it in a certain direction
2 What does if this pattern holds actually mean
It means the price needs to continue moving within the predicted boundaries of the pattern and then break decisively above a key resistance level If the price falls out of the patterns structure instead the predicted jump may not happen
3 Is a 30 jump guaranteed if the pattern works
No it is not a guarantee Technical analysis patterns indicate possibilities based on historical price behavior not certainties Many external factors like news regulations or overall market sentiment can override the pattern
4 How soon could this 30 jump happen if the pattern plays out
Theres no set timeline It could happen quickly after a breakout or over several daysweeks The pattern suggests a potential target not a specific date
5 As a beginner should I buy XRP just because of this pattern
You should never invest based solely on one pattern Consider it one piece of information among many Always do your own research understand the risks of cryptocurrency investing and never invest more than you can afford to lose
Intermediate Advanced Questions
6 What specific chart pattern is being referenced for the 30 target
While the exact pattern can vary by analyst common ones for such predictions are Bull Flags or Ascending Triangles The 30 target is typically measured from the breakout point based on the height of the patterns initial move
7 What key resistance level needs to be broken for this prediction to be valid
This depends entirely on the specific pattern drawn Analysts will identify a precise price level that has acted as a ceiling A sustained breakout with significant volume above that level is the crucial signal