Analyst Says This 12-Year XRP Channel Could Set the Stage for $27

XRP is showing consistent activity within a 12-year parallel channel on the 3-month chart. Recent price action indicates that the asset has tested the generational lower boundary of the channel in 2026, confirming a long-standing structural support. This level has historically marked the start of significant bullish runs.

Crypto analyst ChartNerd (@ChartNerdTA) highlighted this setup. He noted that the current structure mirrors the multi-year base that fueled the 2017 rally from $0.01 to over $3.

The chart shows XRP respecting both the channel boundaries and flipped support/resistance trendlines. According to ChartNerd, if the 12-year channel remains intact, the center line at $27 becomes a clear focal point for potential gains.

Historical Channel Performance

XRP’s long-term chart demonstrates a recurring pattern of support and resistance within the channel. Flipped support and resistance trendlines have acted as decisive markers for trend shifts.

The first green circle on the chart shows the price breaking above a trendline around 2017, initiating a major rally. The second green circle marks a similar reaction in 2026, with XRP’s recent dip pushing it toward the lower boundary.

This analysis suggests that the asset may respond strongly to structural support. The 12-year channel provides a framework for observing XRP’s long-term trend. The upper boundary has repeatedly capped aggressive rallies, while the lower boundary has offered consistent buying opportunities.

Midline targets within the channel have historically acted as intermediate resistance or support levels, further guiding price action.

Current Price Action

As of now, XRP trades near $1.4665 with just over one month remaining in the current 3-month candle. It has touched the lower boundary and rebounded, aligning with historical behavior at this structural level. This suggests that the channel remains relevant and may continue to dictate long-term movements.

The chart also highlights a flipped support and resistance trendline that previously acted as resistance. The price reclaimed this trendline after the 500% surge in late 2024, further confirming potential upside momentum. ChartNerd emphasized that the channel has “touched base on Generational Lower Boundary Support in 2026,” indicating a structurally significant point for market participants.

XRP Center Line Target

The projected center line of the 12-year channel sits at $27. Historically, the midpoint has acted as a magnet during past rallies, and ChartNerd suggests it could serve as a target for a potential future move. Maintaining alignment with the channel increases the likelihood of a structured progression toward this level.

Traders should note that rare structural setups like this channel do not appear often. The current alignment provides a clear reference for positioning and risk assessment. ChartNerd’s post highlights the significance of adhering to the channel’s parameters.

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 urged to do in-depth 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 Twitter, Facebook, Telegram, and Google News

The post Analyst Says This 12-Year XRP Channel Could Set the Stage for $27 appeared first on Times Tabloid.