XRP Forms Long-Term Pattern With $27 Price Target: Analyst
The analyst compared XRP’s current consolidation to its 2022 bottoming phase rather than a breakdown in its long-term trend. Chart analyst ChartNerd flagged an 8.5-year cup-and-handle pattern on XRP this week, arguing that the token is nearing the 0.618 Fibonacci retracement level that could set up a long-term move toward $8, $13, and $27….
