XRP’s recent move below the $1 level has become an important point in the latest technical outlook from crypto analyst ChartNerd.
In a post on X, the analyst said the period of buildup around XRP falling below $1 has now passed, but warned that the cryptocurrency could still experience another decline before establishing a stronger recovery.
ChartNerd identified a further 10% to 20% correction as a possibility, particularly if XRP fails to reclaim an important resistance zone. The analyst places the key area between $1.30 and $1.60, indicating that a recovery through this range could be important for improving the short-term outlook.
“If price cannot recover prior resistance between $1.30/60,” ChartNerd stated, “$0.90/$0.70 remains the sweet spot.” The forecast therefore places $0.90 and $0.70 among the levels the analyst considers relevant if selling pressure continues.
Pay attention. Now that the build up around $XRP sweeping below $1.00 has passed,and the psychological barrier broken; the possibility of another 10/20% correction remains on the cards. $0.90/$0.70 remains the sweet spot if price cannot recover prior resistance between $1.30/60.
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 13, 2026
Historical Cycle Lows Form the Basis of the Chart
The chart attached to the post compares XRP’s historical price movements with recurring cycle-low periods. It highlights several previous lows, including points around 2017, 2020, and 2023, while marking the current market structure with another potential cycle-low area.
The chart also includes a lower momentum indicator, which currently sits near the bottom of its displayed range. ChartNerd appears to use historical movements and momentum readings to suggest that XRP could be approaching another important phase in its broader market cycle.
However, the chart does not establish that XRP will necessarily reach $0.70. Instead, the levels represent potential areas to watch if XRP remains below the resistance zone identified in the post.
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XRP Investors Remain Divided
Responses to ChartNerd’s post reflected different expectations about how far XRP could fall. One commenter, GreenerTomorrow, rejected the possibility of another move to $0.70, stating that XRP may not reach that level again and suggesting that investors would be fortunate to enter around $0.90.
Another commenter, Sarah, took a more patient view of the market. She noted that many people have lost faith in XRP and suggested that investors may still need to wait for a higher price increase.
ChartNerd’s outlook ultimately places significant importance on XRP’s ability to recover the $1.30–$1.60 resistance area. Until that happens, the analyst considers another 10% to 20% correction possible, with $0.90 and $0.70 remaining the key downside levels identified in the analysis.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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