XRP has recently broken below key levels against Bitcoin, attracting attention from traders and analysts. Despite the setback, some voices within the XRP community remain optimistic about the possibility of a future rebound. Jake Claver characterized the latest move as a potential final bottom before a significant reversal takes place.
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AAPLThe falling wedge breakdown
ChartNerd, a well-known crypto analyst recognized for his technical charting, has been monitoring XRP’s decline against Bitcoin since early June. He first confirmed the breakdown that month, noting that after an initial drop to the lower $1.20 range, a rebound into previous support was possible. This assessment followed a sharp decline at the start of June, during which ChartNerd issued a warning that XRP could continue to weaken sharply as capital shifted to safer assets.
ChartNerd commented that, “You can’t save a sinking ship when the hole was only recently just blown in,” and projected that XRP is likely to underperform Bitcoin over the remainder of the year.
The price is now situated around 0.00001765 BTC, having lost support at a historically significant level near the wedge apex. The chart reveals a falling wedge pattern: resistance slopes downward from 2025 highs, while horizontal support was recently breached. ChartNerd marked this loss as “Lost Support.”
Despite the confirmed breakdown, ChartNerd maintains that a reversal could follow, although he has not specified an upside target. He predicts an eventual outperformance of Bitcoin by XRP in 2026.
Mini dictionary: Falling wedge, a technical analysis chart pattern where the price consolidates between two downward sloping lines, often interpreted as a potential reversal signal when the pattern concludes and price breaks upward.
Key demand zone and historical support
A second, broader chart shared by ChartNerd traces XRP/BTC back to 2014. This macro view shows a long series of lower highs stretching over more than a decade. At the bottom lies a substantial horizontal demand zone near 0.00000700 BTC, represented prominently in green.
| Support/Resistance Level | XRP/BTC Price |
|---|---|
| Lost Support | 0.00001765 BTC |
| Macro Demand Zone | 0.00000700 BTC |
According to ChartNerd, this key demand zone has previously triggered all major XRP/BTC outperformance periods and upward movements in XRP/USD. Each time the pair approached this level, substantial recoveries followed. Several other analysts are also forecasting a positive run for XRP against Bitcoin based on similar technical observations.
The historical demand zone at 0.00000700 BTC has ignited strong rallies in every past cycle, supporting hopes for another significant XRP move if this level is reached.
Long-term perspective and outlook
ChartNerd’s ongoing analysis ties the current short-term breakdown to this larger, multi-year technical structure. He contends that the price is now approaching levels where previous bullish reversals have started, reinforcing the significance of the macro demand zone.
The convergence of the wedge apex and the long-term demand zone is being closely observed by ChartNerd. He suggests that whether XRP hits the key support in the coming weeks or months is yet to be seen, but the setup for a larger breakout remains in place.
