XRP Traders Watch Gaussian Retest as $8 Fib Target Emerges

• Analyst ChartNerd said XRP may be forming a multi-year cup and handle below 8 years of resistance.
• The analyst marked a possible Gaussian channel retest as the handle continues forming.
• At the time of writing, market data showed XRP trading at $1.4494, down 2.39% in 24 hours.

XRP is again drawing attention after ChartNerd pointed to a possible multi-year cup and handle forming below an 8-year resistance zone. The setup suggests that XRP’s long consolidation may still be building a larger macro structure, with future Fibonacci extensions sitting above the current range.

At the time of writing, market data showed XRP trading at $1.4494, down 2.39% over 24 hours. The token also showed $6.44 billion in futures volume, $1.36 billion in spot volume, $89.31 billion in market value, and $3.01 billion in open interest.

XRP Cup and Handle Setup Builds

ChartNerd said XRP may have completed the cup portion of a long-term structure, while the handle has likely been forming since the all-time high. The chart shows XRP trading under a broad resistance area that has capped price action for several years.

The cup shape stretches across multiple market cycles, with XRP building a rounded base after its earlier peak. Inside that structure, the analyst marked several Gaussian channel retests, showing points where the price found support before attempting another recovery.

Notably, ChartNerd said three similar retests have appeared over the past six years inside the cup. The chart also links one earlier retest to the 2017 cycle low, which adds weight to the support area being watched today.

The current handle area remains the main focus. XRP has pulled back from its recent high and is now moving lower inside the right side of the structure. That does not cancel the setup, but it keeps attention on whether the next major low forms above deeper macro support.

$0.89 Support Remains Important

ChartNerd placed the 0.5 Fibonacci level near $0.89, in the same territory as a key support zone. That level sits below the current price and could become important if XRP extends its correction before any larger breakout attempt.

                                                                  Source: X

The chart also shows the 0.618 Fibonacci level around the same lower support region. A retest of that area would fit the analyst’s view that XRP may seek another Gaussian channel touch before marking a periodic bottom.

However, XRP does not need to revisit the full $0.89 zone to keep the structure alive. The broader idea depends on whether the price continues holding the long-term macro base and avoids losing the cup’s lower support area.

Meanwhile, Coinglass data showed mixed short-term pressure. XRP is down 2.41% over 24 hours and 0.66% over four hours, yet it remains up 4.30% over seven days and 6.25% over 30 days.

Market Data Shows Leverage Still Active

XRP’s derivatives data showed traders remain active despite the short-term price drop. Binance XRP/USDT accounts showed a long/short ratio of 3.5188, while OKX XRP stood at 2.31, according to CoinGlass.

Top trader positioning also leaned long, with Binance top trader accounts at 3.9776 and top trader positions at 1.7483. That shows bullish positioning has not fully faded, even as the price slipped during the day.

Liquidation data showed $15.96 million liquidated in 24 hours. Long liquidations reached $10.29 million, while short liquidations stood at $5.67 million, showing that the decline pressured leveraged buyers more heavily.

The macro chart still points to larger levels above the current market. ChartNerd marked future Fibonacci extensions above $8, including zones near $13.65 and $27.38. Those levels remain technical targets, while XRP first needs to defend support and break the 8-year resistance structure.

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