XRP is at a critical point after falling below a key support level during the ongoing price retracement.
As the dip worsens, analyst ChartNerd says XRP needs to reclaim key resistance levels to regain bullish momentum.
In a recent YouTube analysis, ChartNerd explained that XRP has been trading within a range since its sharp rise from around $0.98. The $1.36 level served as key support, while $1.47 remains a major resistance zone. XRP has now fallen below $1.36 for the second time, putting pressure on the bullish structure.
XRP Price Struggles Below $1.47 Resistance
ChartNerd says XRP price must break above the $1.40–$1.43 range before challenging the $1.47 resistance level. Failure to reclaim $1.40–$1.43 leaves XRP in a pattern of lower highs and lower lows.
The chart has also weakened after XRP formed another lower high below the Supertrend resistance near $1.39. With XRP testing $1.36 again, traders are closely watching the next move for signs of either a recovery or further selling pressure.
$1.27 Becomes Important if XRP Falls Below $1.36
Meanwhile, a break below $1.36 puts $1.27 in focus. This level is important because it matches the weekly 20 EMA.
ChartNerd explained that when a coin moves below the weekly 20 EMA, it often spends several weeks trading between the 20 EMA and 50 EMA before establishing its next major direction.
For XRP price, holding $1.27 would support a higher-low setup and give bulls another chance to push the price higher. A drop below $1.27 would put XRP under greater downside pressure.
ChartNerd also noted that XRP’s rise from around $0.98 was significant, making a 20%–30% pullback part of a normal correction rather than an immediate end to the broader bullish trend.
$0.98 Remains a Key Level
Notably, the biggest challenge for XRP remains the weekly 50 EMA, which is a major resistance level. XRP recently climbed close to $1.70, but ChartNerd says the move did not confirm a reversal of the long-term downtrend.
Despite XRP’s strong rally, ChartNerd says the coin has not definitively established its cycle bottom.
Continued rejection at the weekly 50 EMA keeps $0.98 in focus. A breakdown of the bullish structure would put the $0.90–$0.70 range on the table.
However, a deeper correction would not automatically invalidate the bullish breakout. The key factor is where XRP establishes support and whether buyers return with enough strength to resume the larger trend.
For now, the key levels are $1.36 on the downside and $1.40–$1.47 on the upside. A break below $1.36 puts $1.27 in focus, while a sustained move above $1.47 shifts attention toward the $1.50–$1.80 range.