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XRP XRP faces a critical test: Analysts focus on the US$0.90 to US$0.70 support range
XRP has regained the attention of market participants as cryptocurrency analyst ChartNerd highlights an approaching price range that has repeatedly marked major reversals in the market cycle. In the latest round of retracements, ChartNerd insisted that long-term upward support for XRP remains solid, putting the asset at a critical technical juncture.
XRP may test multi-year support for the third time.
ChartNerd pointed out in the latest post posted on the X platform that XRP's bottom line of rising support is still strong after maintaining six years. Despite recent price declines, analysts identified the $0.90 to $0.70 range as the most likely area where XRP could again test the level of this key structure.
A multi-year chart shared by ChartNerd traces the multiple historical interactions between prices and the trend line since the initial breakthrough. He marked the earliest support level formed and the two subsequent successful backstepping tests, and believed that current conditions indicated that a third test of the support line was imminent.
The chart shows that after this support level has been touched previously, significant price expansion has usually occurred. By closely monitoring price behavior in the $0.90 to $0.70 region, ChartNerd suggests that market participants may be witnessing the formation of another key turning point in XRP.
XRP's six-year upward support remains "intact" as the price retracement moves the token closer to the "third test" zone. According to ChartNerd's analysis, the $0.90 to $0.70 region remains a high probability range for reversal.
Years of technical form and market background
Beyond immediate support, ChartNerd describes a larger technical structure that forms the basis for his long-term view. He believes that after nearly eight years of sustained resistance, XRP may be building a cup-handle shape that spans many years.
According to this scenario, the "cup" portion of this form may have been completed, and the "handle" portion may have begun to form after the previous historical high point. ChartNerd's technical outlook also includes a possible step-back test of the Gaussian channel, which sometimes marks the cyclical bottom of the cryptocurrency market.
He pointed out that historical backstepping tests of this structural pattern have been consistent with major market events, including the cyclical lows of XRP in 2017. Three such backstepping have been observed as part of a multi-year pattern, highlighting the importance of monitoring macro areas of support and resistance.
While analyzing these technical signals, observers are increasingly paying attention to the migration of traditional finance to blockchain infrastructure. Although traditional markets have long relied on complex brokers, a broad shift is underway: Large institutions are exploring Web3 solutions. Investors use relevant platforms to directly hold tokenized shares of U.S. company stocks, gold and silver in their cryptocurrency wallets. By tokenizing real-world assets and deploying algorithms to instantly find the best market price, these systems bypass traditional intermediaries.
US$0.89 Fibonacci Support and Long-term Price Target
Previously, ChartNerd identified the 0.5 Fibonacci retracement level near $0.89 as another level to support its technical framework. This strengthens the $0.90 to $0.70 region as a highly technical correlation price range, especially if retractions are likely to persist.
Further analysis by ChartNerd revealed that if this support level can be held and a multi-year pattern is achieved, there is huge upside potential. His previous forecast, based on long-term Fibonacci expansion levels, had proposed a price target of more than $8.
Currently, the analyst's focus is on confirming support in the US$0.90 to US$0.70 region, as the current retracement aligns the XRP with its uptrend line. For now, market attention is still focused on whether the "third test" will mark another reversal, as it has in previous years.
If XRP can maintain support in the US$0.90 to US$0.70 range, historical patterns suggest a strong upside possibility, although analysts have not provided a specific price target at this stage.
