Technical Analyst: XRP to Double Digits Is Inevitable. Here’s why

Crypto analyst ChartNerd has presented a detailed monthly chart for XRP, outlining a clear technical structure that spans several market cycles. The chart illustrates XRP’s price movement within a long-standing ascending channel, marking out both the lower and upper bounds of potential long-term activity. Within this structure, the 100-day Exponential Moving Average (EMA) on the monthly timeframe has been highlighted as a crucial support level positioned around $0.85.

ChartNerd’s analysis suggests that even in the event of a market correction, this EMA represents a likely area of stability. The analyst also indicates that the top boundary of the channel projects toward a double-digit value, identifying approximately $10.50 as the primary upside target. This projection aligns with the view that XRP remains in an extended accumulation phase ahead of its next major market expansion.

Community Reaction and Reinforcing Views

In response to the chart, market participant X Finance Bull remarked that double-digit valuations for XRP are not an unrealistic expectation but rather a matter of mathematical progression and patience. The comment echoes ChartNerd’s perspective that XRP’s trajectory remains structurally aligned with an eventual move into higher valuation zones, assuming broader market conditions remain supportive.

The analysis also connects to a separate post from Egrag, who reaffirmed his stance on XRP’s technical position. He pointed to the same $0.85 level on the monthly 100 EMA as the logical downside area in a bear market. According to Egrag, this range represents a strong foundation for the asset’s next phase, while the upside goal remains fixed at $10. He expressed conviction in maintaining his position through volatility, emphasizing that the long-term structure remains intact and that the next major leg could redefine investor expectations.

Technical Context and Broader Implications

The consistency of this framework across multiple analysts reflects a shared technical interpretation of XRP’s current phase. The monthly structure has remained intact through several years of price development, with XRP holding above major moving averages and repeatedly testing mid-channel resistance levels. ChartNerd’s model, therefore, offers a basis for evaluating both near-term resilience and future potential within a broader market cycle.

For long-term investors, the takeaway from ChartNerd’s chart lies in the balance between downside protection and upside potential. With $0.85 marked as the primary structural floor and the $10 region positioned as the projected ceiling, XRP’s chart conveys a well-defined range that may guide positioning in upcoming market cycles.