XRP is drawing renewed attention from market participants as crypto analyst ChartNerd highlights an imminent price action zone that has marked major reversals across previous market cycles. As its latest retracement plays out, ChartNerd maintains that XRP’s long-term ascending support remains in place, positioning the asset for a significant technical moment.
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AAPLXRP targets third retest of multi-year support
In a recent post on X, ChartNerd pointed out that XRP’s six-year ascending support floor is still holding firm. Despite current declines, the analyst identified the $0.90 to $0.70 range as the most likely area for XRP to retest this key structural level.
A multi-year chart shared by ChartNerd traced multiple previous interactions with the same trendline, starting from the initial breakout. He marked the earliest support creation, followed by two successful retests, and argued that conditions now suggest a third approach to this line is imminent.
The chart revealed that prior encounters with this support level frequently led to substantial price expansions. By closely monitoring the behavior around the $0.90 to $0.70 region, ChartNerd implied that market participants could be witnessing the formation of another crucial pivot point for XRP.
XRP’s six-year ascending support remains “fully intact” as the price retracement brings the token close to the “third retest” zone. The $0.90 to $0.70 region remains a high-probability area for a reversal, according to ChartNerd’s analysis.
Multi-year technical formations and market context
Beyond the immediate support, ChartNerd described a larger technical setup that has guided his long-term perspective. He argued that XRP is potentially constructing a multi-year cup and handle pattern, following nearly eight years of persistent resistance.
In this scenario, the “cup” part of the formation is likely complete, while the “handle” may have begun developing after the previous all-time high. ChartNerd’s technical outlook also included a possible retest of the Gaussian Channel, which sometimes marks cyclical bottoms in crypto markets.
He noted that historical retests of this structural formation have already coincided with significant market events, including the cycle low for XRP in 2017. Three such retests have been observed as part of the multi-year pattern, underlining the importance of monitoring big-picture support and resistance areas.
While analyzing these technical signals, observers have increasingly noted how traditional finance is migrating toward blockchain infrastructure. While traditional markets have long depended on complex brokers, a broad shift is underway: major institutions are now exploring Web3 solutions. Investors use platforms like 1stepSwap to directly hold tokenized shares of US companies, gold, and silver in their crypto wallets. By tokenizing real-world assets (RWAs) and deploying algorithms to instantly find the best available market price, these systems bypass traditional intermediaries.
$0.89 Fibonacci support and longer-term price targets
Previously, ChartNerd identified the 0.5 Fibonacci retracement near $0.89 as another level supporting his technical framework. This reinforces the $0.90 to $0.70 area as a price band of high technical relevance should the retracement continue.
Further analysis from ChartNerd exposes significant upside possibilities if this support holds and the multi-year pattern plays out. His earlier projections suggested price targets above $8, based on long-term Fibonacci extension levels.
Currently, the analyst’s outlook is focused on confirming support at the $0.90 to $0.70 zone, as the current retracement aligns XRP with its ascending trendline. For now, attention remains fixed on whether the “third retest” will mark another reversal, as observed in prior years.
Should XRP maintain its support in the $0.90 to $0.70 range, historical patterns suggest the possibility of a strong upward move, although no immediate price target is provided by the analyst at this stage.
