Analyst Says 8.5-Year Cup and Handle Is Still Building, Sets Fresh Price Target

Crypto analyst ChartNerd has presented a long-term XRP chart showing what he describes as an 8.5-year cup-and-handle formation.

His analysis suggests that XRP may still be developing the pattern before attempting another major upward move, with the analyst identifying $5 to $8 as a conservative price target for the coming years.

In an X post, ChartNerd wrote, “HOLY SMOKES $XRP 8.5 YEAR CUP & HANDLE 6 MONTHS ON, STILL BUILDING..” He attached a historical chart that tracks XRP’s price movements from 2014 through projected levels extending to 2031.

HOLY SMOKES $XRP 8.5 YEAR CUP & HANDLE ☕

6 MONTHS ON, STILL BUILDING.. https://t.co/ZkOaVZevmp pic.twitter.com/grV2wGcVK2

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) November 11, 2026

ChartNerd Identifies A Long-Term Cup And Handle Formation

The chart illustrates a large cup-shaped structure that begins with XRP’s earlier price movements and extends through several years of consolidation and recovery. It also identifies a developing handle around the 2025–2027 period.

ChartNerd’s illustration marks several previous interactions with the red Gaussian trend line as Gaussian retests. These points appear around 2017, 2020, 2022, 2024 and the current price region. The analyst uses these historical interactions to explain why he continues monitoring the monthly Gaussian level.

The latest section of the chart shows XRP trading around $1.05, with the red Gaussian trend line near $1.01. ChartNerd believes XRP has come close to testing this level but has not quite reached it.

Analyst Explains The $5–$8 Target

One commenter, Rebel, questioned the analyst’s earlier expectations of $8 or $9 between 2028 and 2029 and asked what had happened to his previous timeline.

ChartNerd clarified that his price expectations depend on XRP confirming its low and establishing a stronger foundation first.

He responded, “Once the low is confirmed and a foundation is built, $5-$8 is a conservative target range for me in the coming years.”

He also identified higher macro extensions between $13 and $27. However, he explained that these levels would require significant widespread adoption and additional catalysts.

The chart includes Fibonacci extension levels at approximately $8.36, $13.60 and $27.33, corresponding with the analyst’s broader upside projections.

Gaussian Retest Remains An Important Level

Another commenter, Hieu Do, asked whether XRP had officially tested the red Gaussian trend line, pointing out that another chart from ChartNerd showed a different interpretation.

ChartNerd explained that XRP had reached $1.01 and touched $1.03, bringing it very close to the level without fully reaching it.

He added that the monthly Gaussian level had been swept during previous market cycles. However, he clarified that traders should view it as an opportunity identifier rather than a definitive bottom marker.

Meanwhile, BostonDom raised the possibility of XRP experiencing a price increase similar to its 2017 performance. He admitted that such a move remained uncertain but did not consider it impossible.

ChartNerd’s latest analysis therefore maintains a long-term bullish outlook while making confirmation of the current low and further development of the chart pattern important conditions for his projected price targets.