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Crypto analyst ChartNerd argued in a YouTube video posted on September 28 that XRP could climb to $1.80-$1.90 if it clears resistance on its weekly and monthly charts.<\/p>\n
The call depends on a level the asset has failed to break for six weeks, and the analyst warned that a rejection there could bring a deeper pullback first.<\/p>\n
In a video posted on September 28, ChartNerd focused<\/a> on XRP’s Gaussian Channel, a technical indicator built around regression bands that can track longer-term price trends.<\/p>\n The immediate test is the 50-week exponential moving average, currently around $1.52. XRP has failed to break that level for six weeks and was trading near $1.47 when the analysis was published. The monthly Gaussian Channel also adds another layer of resistance, with its upper regression band around $1.50.<\/p>\n ChartNerd’s scenario depends on XRP closing above these levels. According to him, a sustained move through the upper band could put $1.80 and $1.90 in reach, while a failure could produce a deeper retracement and a higher low later in the year, although he didn’t present any of the outcomes as certain.<\/p>\n XRP was down 3.5% in 24 hours but up by almost the same percentage in the last seven days. Its 24-hour range was roughly $1.47 to $1.54, while trading volume rose by more than 20% to about $3.23 billion. However, the asset is still nearly 60% below its $3.65 all-time high.<\/p>\n Meanwhile, as CryptoPotato<\/em> reported previously, XRP exchange-traded funds recorded<\/a> $75.89 million in net inflows last week, with the products extending their streak of weekly inflows to 11 weeks, taking cumulative inflows to about $1.79 billion.<\/p>\n That flow data provides a different backdrop from the chart structure, as it shows investors are still adding money to spot XRP funds even as the token remains below the levels identified as resistance.<\/p>\n ChartNerd’s analysis leaned on XRP’s long history inside the Gaussian Channel. Past cycle bottoms often moved beneath the middle regression band before larger recoveries. For example, a bottom in June 2022 was followed by a 90% rise to the same lower band, where the Ripple token topped and pulled back before a later breakout. But the analyst cautioned that XRP does not have to repeat those patterns.<\/p>\n The monthly midline is around $0.94 to $0.95, a level the 2015, 2017, 2020 and June 2022 lows all tagged or dipped beneath, while the three-month channel’s upper regression band is near $0.80 and is yet to be tested.<\/p>\n But as things stand, the technical case rests on the $1.50 to $1.52 area, with a sustained close above it, in the analyst’s opinion, being able to change the chart structure he described. Failure to do so will leave the deeper retracement scenario on the table.<\/p>\n The post XRP Eyes $1.80 to $1.90 If It Clears 50-Week EMA: Analyst<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nWhat History Says<\/h2>\n
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