Crypto analyst ChartNerd says XRP could be on the cusp of a bullish structure shift that pushes the token back toward fresh highs — but only if it holds a key psychological level. In a post on X, ChartNerd argued that XRP’s prolonged decline — roughly six months of downward pressure with little relief — has left technical indicators at historically oversold levels. Both the MACD and RSI, the analyst noted, are flashing conditions that often precede a rebound. ChartNerd also pointed to a confluence of longer-term technical supports: a 50-month backtest on an eight-year resistance line, a first 50-EMA backtest since November 2024, and a wick sitting in the 0.618/0.5 Fibonacci demand zone — areas traders commonly view as “reversal pockets.” The big conditional: XRP must stay above $1 to confirm a move higher. ChartNerd warns that a failure under $1 could trigger a deeper sell-off toward $0.70, the “worst-case” scenario given prior 2023–2024 highs that haven’t been retested. Other analysts echo both bullish and bearish contingencies - TARA: If a wider Bitcoin crash continues to $52,200, XRP could slide to about $0.87. - CasiTrades: Sees the potential for one final leg down to roughly $0.90, but says reclaiming $1.65 would invalidate that bearish thesis. - BitGuru: Notes sellers may be losing momentum after XRP’s sharp reaction from a major historical demand zone in the $1.30–$1.35 area. After months of lower highs and distribution, this zone appears to be acting as a base, suggesting bids are stepping in. - Javon Marks: Takes a longer-term bullish view tied to a potential altcoin season — expecting a recovery above $2.47, a push toward $4.80 (which he flags as a new ATH), and keeps a rally to $15 on the radar as an extended target. Where price stands now At the time of writing XRP is trading around $1.37, down on the day, according to CoinMarketCap. The technical picture remains nuanced: several analysts see a base forming and oversold indicators hint at a reversal, but breaking below $1 would likely open the door to steeper losses. For traders, the next few sessions — and whether $1 holds — could be decisive for the token’s near-term trajectory. Read more AI-generated news on: undefined/news