Crypto analyst ChartNerd presented a technical analysis on September 28 suggesting XRP could climb to $1.80–$1.90 if it sustains a move above key resistance levels on weekly and monthly charts.
The immediate hurdle is the 50-week exponential moving average, currently around $1.52. XRP has failed to break above this level for six weeks and was trading near $1.47 at the time of the analysis. The monthly Gaussian Channel adds another resistance layer, with its upper regression band around $1.50.
According to ChartNerd, a sustained close above these levels could open the path to the higher targets, while a rejection could produce a deeper retracement and a higher low later in the year. The analyst did not present either outcome as certain.
At the time of analysis, XRP was down 3.5% over 24 hours but up roughly the same percentage over the preceding week. Its 24-hour trading range was approximately $1.47 to $1.54, with trading volume rising more than 20% to about $3.23 billion. The asset remains nearly 60% below its all-time high of $3.65.
ChartNerd's bullish case drew on historical patterns within the Gaussian Channel, including a 90% rally from a June 2022 bottom that reached the same weekly resistance band before pulling back and later breaking out.
In related developments, XRP exchange-traded funds recorded $75.89 million in net inflows during the prior week, extending a streak of weekly inflows to 11 consecutive weeks with cumulative inflows reaching approximately $1.79 billion. This capital flow into spot XRP funds contrasts with the technical resistance the token currently faces.
