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BTC 
XRP Analysts: Long-term weakness in XRP may pave the way for market repricing
Crypto analyst ChartNerd said on August 3 that XRP's long-term weakness may be laying the foundation for a major market repricing. The token is testing long-term support around $1.06 after months of negative sentiment. The market observer believes the current decline is part of a broader correction in cryptocurrencies rather than a sign of weakening Ripple's fundamentals.
Focus on the bigger market after the support test
ChartNerd pointed out that it is quite difficult to remain bullish on the macro trend of XRP in the current downtrend, especially since the altcoin has underperformed Bitcoin (BTC) for most of the current cycle. He emphasized that there was no fundamental problem with the asset itself and described the current stage as just a normal correction in a larger trend. "The next few months are building momentum for the next market repricing, which may be the biggest to date." he said.
His focus is on the technical structure of XRP. The token again tested the $1.06 support area after failing to break through the daily 20-day EMA near $1.08. The 50-day EMA near US$1.12 constitutes another resistance level, and US$1.16 is also a key level if the bulls regain control. According to ChartNerd's analysis, XRP's current price trend is operating in a downward wedge pattern and approaching a six-year support area-an area that historically has often appeared before significant increases. However, the analyst also warned that it was not impossible to break below the US$1 support level given the current market structure, but described it as a "golden entry point." "The deeper the fall, the better the long-term opportunities," he said."The key is perspective."
Analyst EGRAG CRYSTPTO previously regarded the US$1.05 region as a "battlefield" for the asset. If it can be successfully held, it may push the price back to US$1.10 or even higher; if it breaks below this region, it may expose XRP to the US$1 range mentioned by ChartNerd.
Long-term bullish logic faces short-term pressure
As of press time, the trading price of XRP, the sixth-largest cryptocurrency by market value, was approximately US$1.07, down 1% in 24 hours and nearly 3% in the past seven days. In the past three months, its value has shrunk by about 24%, still more than 70% below the all-time high of about $3.65 set in July 2025.
Despite progress in the Ripple ecosystem-including blockchain payments companies announcing investments in Zilo and Licuido, two companies that focus on tokenized funds and institutional asset infrastructure-XRP's weakness remains. There were also positive signs in terms of institutional interest. Spot XRP ETF recorded a net inflow of US$27 million in July, but this figure was significantly lower than the US$60 million in June and US$132 million in May, highlighting the difficulty of XRP maintaining a higher price after its rebound in mid-July.
