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.
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.
In a video posted on September 28, ChartNerd focused on XRP’s Gaussian Channel, a technical indicator built around regression bands that can track longer-term price trends.
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.
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.
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.
Meanwhile, as CryptoPotato reported previously, XRP exchange-traded funds recorded $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.
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.
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.
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.
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.
The post XRP Eyes $1.80 to $1.90 If It Clears 50-Week EMA: Analyst appeared first on CryptoPotato.
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