An analysis said an XRP target of $750 to $1,000 based on a long-term cup-and-handle pattern does not match the chart structure.

The Crypto Basic, a blockchain outlet, reported on Sept. 26 that chart analyst Chartnurd presented measurable long-term targets of $8.47, $13.70 and $27.31.

The focus of the analysis is how far a target price can be considered valid even when the same cup-and-handle pattern is used. Chartnurd said his Fibonacci extension criteria do not support an XRP target of $750 to $1,000. He said the extension levels seen on the long-term chart are 1.272, 1.414 and 1.618 times, which he viewed as corresponding to about $8.47, $13.70 and $27.31, respectively.

The chart is based on a long-term structure spanning about 8.5 years. The starting point is near XRP's 2018 high, and it interprets the period through the current market structure as a single cup-and-handle pattern. Under this interpretation, the rounded cup portion has already formed, and the decline after the 2025 high is classified as the process of forming the current handle.

On the chart, XRP is priced at around $1.47. The handle zone is moving above two Fibonacci support lines. The first is $0.894 at the 0.5 retracement level, and the second is $0.642 at the 0.618 level. These prices were presented as potential support zones, not lows that must be reached.

In an earlier analysis, Chartnurd separately pointed to the $0.89 area. At the time, he viewed the 0.5 Fibonacci retracement zone as overlapping with long-term technical support. This analysis also follows the same approach, first checking the support zone and then assessing whether the long-term structure breaks down.

The long-term chart also marks repeated contact points with a Gaussian channel. These include the 2017 cycle low and three additional retests that appeared during the cup formation process. The current handle zone is also positioned where it could come back into contact with the channel.

In a May analysis, he said the handle could retest the Gaussian channel once more before forming a long-term bottom. The chart structure is divided into two stages. First, the handle must be completed and the support zone confirmed, and then it moves to checking whether the upper part of the long-term structure is broken.

For this reason, the proposed $8 to $27 targets should be interpreted as technical projections if a breakout is confirmed. The figures indicated by the chart are not fixed price outcomes or a deadline for reaching them. They also do not mean XRP must first fall to $0.89 or $0.64.

The analysis ultimately limited the measurable extension range from the long-term cup-and-handle pattern to roughly $8 to $27. That is why it drew a line against the $750 to $1,000 forecasts discussed in the market. The points to watch are where the handle zone confirms support and whether a breakout above the top of the long-term structure is actually confirmed.

Let me make myself clear. There isn't a cup & handle that suggests a $750-$1000 $XRP based on FIB targets. It's manipulated to fit the narrative. There is however, a cup and handle that has a much tidier breakout range with a more realistic target pocket towards $8/13/$27 https://t.co/dY6UMJeDAh