XRP, the digital asset developed by Ripple Labs, has slipped below the $1 mark, drawing fresh attention from market observers and technical analysts. ChartNerd, a widely followed cryptocurrency analyst, shared an updated price outlook for XRP via a recent post on X.
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AAPLXRP faces key resistance after breaking below $1
ChartNerd stated that the period marked by market anticipation about XRP dropping below $1 has ended. However, the analyst cautioned that XRP could still see further downside before mounting a sustainable rebound.
According to ChartNerd, a correction of 10% to 20% remains possible unless the token recovers a crucial resistance band between $1.30 and $1.60. The analyst argued that surpassing this price range is vital for altering the current bearish trend and restoring positive momentum in the short term.
“If price cannot recover prior resistance between $1.30/60, $0.90/$0.70 remains the sweet spot.” ChartNerd pointed to $0.90 and $0.70 as significant support zones if the downward trend persists and recovery efforts fall short.
This forecast highlights major levels for investors to watch, as continued selling could push XRP towards these downside targets if broader sentiment does not improve soon.
| Resistance Zone | Support Levels | Potential Correction |
|---|---|---|
| $1.30–$1.60 | $0.90, $0.70 | 10%–20% |
Market cycle analysis and technical indicators
The chart shared by ChartNerd compared XRP’s current market pattern with previous cycle lows from years such as 2017, 2020, and 2023. The analysis draws on these historical points to identify what may be another significant cycle low developing at present.
A momentum indicator featured on the chart signals that downward price movement could be exhausted or nearing a turning point. However, ChartNerd emphasized that this does not guarantee XRP will decline all the way to $0.70. Rather, these levels are considered areas to monitor should XRP fail to reclaim the highlighted resistance range.
Mini dictionary: Momentum indicator – A technical analysis tool that measures the strength and speed of a price movement, commonly used to identify potential trend reversals or continuation points.
Overall, the analyst continues to use past cycles and technical readings to frame expectations, while cautioning that no single level is guaranteed.
XRP community weighs in on the outlook
Reactions from XRP holders and traders have been divided. Some market participants, such as a user called GreenerTomorrow, dismissed the likelihood of XRP hitting $0.70, while suggesting that entering near $0.90 could seem fortunate if prices recover quickly.
Others, including a commenter identified as Sarah, acknowledged fading optimism in XRP and suggested that a longer period of waiting may still lie ahead for those hoping to see higher price levels.
Different perspectives among investors reflect uncertainty over whether the current support will hold or if XRP will face another major downturn before regaining upward momentum.
ChartNerd’s analysis places notable importance on XRP overcoming the $1.30–$1.60 resistance band. Until such a recovery occurs, the risk of a further 10%–20% correction remains, with $0.90 and $0.70 seen as critical downside areas in the event of continued selling pressure.
