XRP to $8? Analyst Says FIBS Never Lie About Recoveries

ChartNerd (@ChartNerdTA), a technical analyst and crypto enthusiast, has shared a long-term technical chart focusing on XRP, and it has gained traction across the trading community. The post highlights a potential breakout from a multi-year consolidation structure, pointing to projected targets significantly above the asset’s current price. The chart follows a clear Elliott Wave structure over monthly timeframes, highlights a repeating pattern of extended consolidation before a breakout, and uses Fibonacci extension levels to forecast a price rally to double digits. The Elliott Wave and Additional Bullish The monthly chart shows XRP following a textbook Elliott Wave progression. Wave 1 formed in 2014, and the asset followed a downward trajectory in the following years. However, the impulse move from Wave 2 to 3, which is often the largest wave, occurred between 2017 and early 2018, sending XRP to its previous all-time high of $3.36. The asset then began the Wave 4 decline, hitting a low point of $0.0114 in 2020. It has been building gradually since then, forming a symmetrical triangle showing an extended consolidation phase. The breakout to $3.39 in late 2024 and early 2025 helped the asset climb above the converging trendlines, confirming the start of a major upward move. FIBS NEVER LIE : $XRP > $8 > $13 > $27. pic.twitter.com/MoYMXpA1dp — ChartNerd (@ChartNerdTA) July 23, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The asset recently hit a new all-time high of $3.65 , and ChartNerd believes the asset is headed toward the high point of Wave 5. This massive wave could send the asset to double-digits if ChartNerd’s forecast is accurate. All Fibonacci Levels Previously Met ChartNerd specifically highlights that the asset has respected all previous Fibonacci levels. These included the 1.272 ($0.14361), 1.414 ($0.22030), and 1.618 ($0.40732) levels during the 2017 breakout. These targets were hit precisely during the Wave 3 rally, lending support to the idea that Fibonacci extensions could once again serve as reliable indicators. In the current cycle, the same Fibonacci levels are applied to the Wave 4 base and the Wave 1 to 3 structure. This yields new targets at $8.44 (1.272), $13.65 (1.414), and $27.23 (1.618), reaffirming the $8 to $27 target range the analyst recently set. Volume Profile and Structural Breakout Another important element in the chart is the long-term volume trend. The analyst highlighted the declining volume slope, signaling reduced sell-side activity throughout the prolonged consolidation phase. This tailing volume coincided with the breakout from the triangle structure in 2024, which adds weight to the idea of a shift in market direction. XRP is trading at $3.17, and, according to ChartNerd, “Fibs Never Lie.” 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. Follow us on X , Facebook , Telegram , and Google News The post XRP to $8? Analyst Says FIBS Never Lie About Recoveries appeared first on Times Tabloid .

Source: TimesTabloid