The long-term structure still may have significant movement before the next market drop, according to ChartNerd (@ChartNerdTA) 👑.
In a recent video, he analyzed the historical movements of XRP through the Gaussian channel on the three-month chart and explained why the asset could reach $27 soon. 🚀
ChartNerd noted that the price cycles of several years have constantly interacted with what he described as the “upper regression band” of the Gaussian channel. 📈 He observed that previous market lows, such as those in January 2017 and January 2020, formed around this same upper limit before the major recoveries began. 🎯 He emphasized that each cycle has followed a similar structure, with the regression band effectively serving as a recurring support area through different phases of the price history of $XRP. ⏳
👉 The path to $27 🛤️ According to their analysis, XRP currently remains in an accumulation range that precedes a possible expansion phase. ChartNerd argued that if the asset can maintain its current position and generate momentum, it could approach the $27 level in what they described as an 'overflow peak'. 🌊 They explained that this potential move would align with the behavior of the Gaussian channel in previous market cycles. They explained that if $XRP maintains stability within its current accumulation zone and then moves towards the $27 level, the next bear market could see prices align with the Gaussian channel for a new long-term low. ⬇️ ChartNerd explained that the upper regression band of the channel increases over time, meaning that the next lows could form higher than before, even after a significant correction. However, they emphasized that this same technical framework also implies a strong pullback once the bullish phase ends. 💥
👉 A possible return to $1 after the peak 😱 The analyst's projection suggests that the next complete cycle of $XRP could involve a sharp move from its projected high near $27 down to around $1. 📉 They presented historical data to support this view, noting that previous bear markets in $XRP have produced corrections exceeding 95%. 💔 Notably, other analysts have predicted a 95% collapse for $XRP after the next major rise, and ChartNerd stated that a similar pullback would once again align the digital asset's price with the upper regression band. 🔄 They emphasized that such a move would not be unusual compared to past cycles of $XRP, as each major rise since 2013 has eventually returned to that same structural area in the Gaussian channel. 🗺️
#xrp #AnalisisTecnico #CanalGaussiano #rally #corrección
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