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\n\t\t\t\t\t\t\t\t\tAnalysts are watching former resistance levels from 2023 and 2024 that could now become long-term support zones.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
XRP is trading near the $1.00 level, down about 9% in the last seven days and more than 52% over the past year.<\/p>\n
But UK-based technical analyst ChartNerd is suggesting that the deeper the Ripple token falls from here, the better the potential risk-reward setup becomes, with a possible demand zone between $0.90 and $0.70 if $1.00 gives way.<\/p>\n
ChartNerd has been tracking this setup since at least June 12, when he published a thread laying out<\/a> the macro picture. According to him, XRP spent most of 2023 and into late 2024, capped below $0.80\/$0.70 resistance that acted as a ceiling up until there was a breakout in Q4 2024.<\/p>\n That breakout, he says, was what eventually pushed XRP to its all-time high of $3.65 in July 2025, and since then, the trend has gone the other way, with key moving averages lost and a weekly 20\/50 EMA death cross confirming the structural change, and the asset dropping from its January 2026 peak of $2.40 all the way to where it is now.<\/p>\n Recall that in February, XRP hit a low of $1.12, after which it attempted a recovery, with a bunch of sideways trading eventually taking it near $1.55, where it was rejected. Per ChartNerd\u2019s analysis, that rejection kick-started the current leg down to lows near $1.00 in June, putting it in what the market watcher called his \u201carea of interest,\u201d a zone where he has been keeping an eye out for a potential cycle bottom between now and Q4 2026.<\/p>\n In his view, the reason that zone matters is that the old resistance level from 2023 and 2024 could switch to support. And if XRP holds anywhere in the $0.90 to $0.70 range during any deeper market drop, the previous ceiling will become the floor.<\/p>\n \u201cThis is a high-interest support region, but confirmation still matters most, and we do not have it yet,\u201d he wrote at the time.<\/p>\n<\/blockquote>\n But now, the analyst believes XRP\u2019s decline is pushing<\/a> it further into the area of interest, and the more it falls, \u201cthe stronger the risk-reward setup becomes.\u201d\u00a0He said that he\u2019s also watching<\/a> the 10-year Gaussian Channel, which, according to him, XRP is now entering, and which has not failed as a guardrail for as long as he has tracked it.<\/p>\n On the timing question, ChartNerd stated<\/a> in a different post that there is a \u201cvery strong likelihood\u201d that a market bounce could happen in the coming weeks as June ends, something that is consistent with what Bitcoin tends to do in midterm years. However, he added a caveat: it will probably be a relief rally that leads to a final drop in the last quarter of the year.<\/p>\n Elsewhere, analyst Ali Martinez said<\/a> that XRP is testing a major volume block at $1.06, where on-chain data shows more than 830 million tokens changed hands. Below it, the next important clusters on the UTXO Realized Price Distribution are at $0.80, $0.62, and $0.51.<\/p>\n At the same time, another market watcher, CasiTrades, observed<\/a> that XRP was at its \u201cmost critical moment\u201d in the current cycle, with buy orders placed at $0.93 and a deeper Fibonacci level at $0.87, framing the current fear as part of how bottoms actually form, not as a reason to sell.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
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