XRP to Hit $27 By 2030? Analyst Shares His Thought Process, Says Take It or Leave It

Crypto analyst ChartNerd has responded to critics who questioned his claim that XRP could reach $27 by 2030.

In a post on X, the analyst shared a video explaining the technical reasoning behind the projection and addressed those who suggested the target lacked supporting data.

“For anyone who continues to argue that I’m pulling $27 2030 $XRP targets ‘out of thin air’ with no data to back my theory. Here is my thought process. Take it or leave it. I’m easy,” he wrote in the post.

Fibonacci Extensions Used to Identify Price Targets

In the video, ChartNerd begins by examining XRP on a monthly chart and explains that his method relies heavily on Fibonacci extension levels. He describes these extensions as vertical tools that analysts use to estimate potential price levels after a market moves beyond a previous high.

Using the Fibonacci extension indicator, he focuses on three levels that he believes are important in XRP’s historical price movement: the 1.272, 1.414, and 1.618 extensions.

According to ChartNerd, these same levels played a role during XRP’s earlier market cycle. He explained that after XRP moved above its previous high during the 2017 market rally, the asset eventually reached all three of those Fibonacci extension levels.

He said the 1.618 extension was touched in May 2017 before the market corrected, followed by a final surge that produced the January 2018 all-time high.

ChartNerd then applied the same calculation to the current cycle. Using the Fibonacci extension tool, he measured from the 2020 market low to the 2018 all-time high. Based on this measurement, he identified three possible price levels for the current cycle.

According to the analysis, those levels sit around $8, $13, and $27. The $27 level corresponds with the 1.618 extension, which many traders consider an important technical level.

He also explained that he has tracked these levels since identifying the 2020 market bottom and focuses on them when evaluating XRP’s long-term potential.

Time Analysis Points Toward 2030

ChartNerd also explained how he arrived at the 2030 timeline by using a Fibonacci time indicator that measures cycles across years rather than price levels.

He first applied this method to the earlier cycle by measuring from the 2013 market low to the 2018 peak. This calculation produced several time levels, including the 0.236, 0.382, 0.50, and 0.618 intervals.

According to the analyst, the 0.618 level often appears near important turning points in many markets. He noted that during the previous cycle, XRP reached a significant high shortly before reaching that time level.

ChartNerd then repeated the same process for the current cycle, measuring from the 2020 low to a recent high that he identified at $3.60. Based on this calculation, the 0.618 Fibonacci time level appears around October 2030.

A Long-Term Scenario Based on Past Cycles

Throughout the video, ChartNerd clarified that the analysis is not financial advice and should not be interpreted as a guarantee that XRP will reach that level.

Instead, he described the projection as a study based on historical market cycles and technical indicators. He also emphasized that the video does not attempt to predict short-term price moves.

According to ChartNerd, Fibonacci extension targets and time-based cycle analysis suggest XRP could approach $27 by 2030. While he acknowledged the target remains far away, he argued that the indicators he presented explain why the price level stands out in his analysis.

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 advised to conduct thorough 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 X, Facebook, Telegram, and  Google News

The post XRP to Hit $27 By 2030? Analyst Shares His Thought Process, Says Take It or Leave It appeared first on Times Tabloid.