ChartNerd projects XRP could reach $5-$8, outlines reasons behind target

Popular technical analyst ChartNerd, known for his chart-focused commentary on X under the handle @ChartNerdTA, has renewed his bullish price forecast for XRP. In a recent post, ChartNerd stated, “If you can’t stomach $XRP at a buck, you don’t deserve it at $5-$8,” underscoring his conviction in the token’s long-term potential. This stance revisits his earlier analysis published in October, where he detailed the rationale behind his price targets. ChartNerd identified a multi-year compression pattern in XRP’s long-term chart data. Since 2020, XRP recorded higher lows, breaking that trajectory in November 2024.