Ripple (XRP) [Photo: Shutterstock]

A target price in the $20 range has been raised again for XRP, based on a long-term chart structure of rising support that has continued since 2020.

According to blockchain media outlet Decrypt on Sept. 25, chart analyst Chartnerd analysed that XRP's multi-year support pattern is showing a similar flow to the accumulation phase before the sharp rise in 2017.

The key is an upward-sloping support line that has continued since the 2020 low. Chartnerd said the line connects multiple subsequent lows and that the next phase could see a third retest around late 2026 or early 2027. Recent candles on the chart are already above the falling resistance line formed during the latest correction, but the long-term model places the key inflection point further out, the analysis said.

The past cycle Chartnerd compared was a structure that led to a large rise after formation and three retests of the support line. In the earlier cycle, gains of 1,778.81 percent, 669.43 percent, 131.90 percent and 65,335.52 percent were marked after each stage. In the new structure, gains of 1,037.92 percent, 231.48 percent and 694.96 percent were recorded after the first three stages.

The biggest figure in the analysis is a 2,075.45 percent extension presented for the final phase. That figure is not calculated directly from XRP's current price range. The chart sets the starting point not at about $1.50 but near $0.95, a potential future support zone. A 2,075.45 percent rise is about 21.75 times the starting value, putting the target at about $20.67. From the $1.49708 level shown on the chart to $20.67 would be a rise of about 1,280 percent.

That means it is far from an interpretation that the market is immediately moving toward the $20 range. Recent price moves and a third support-line retest are divided into different stages. In the long-term model, the third retest is positioned later and lower than the recent breakout area. That point was set near where the falling resistance line meets the long-term rising support line.

The timeline is also long. On the chart, the expansion phase runs from 2027 to 2028, and 2026 was presented as a preparation phase rather than a full-fledged rise. Chartnerd cited a six-year rising support line, the recent falling resistance line and the expected third retest as key elements of the long-term structure.

The long-term target range was presented at $20 to $21, but the conditions are clear. The target is not a simple application of 2,075 percent from the current price, but is built on the assumption that a rebound starts from a lower support zone. The points to watch are whether the recent breakout above resistance holds and whether a retest zone where it meets the long-term support line is actually formed.

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#XRP #Decrypt #Chartnerd #Ripple
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