XRP Analyst Spots Major Price Shift Coming Soon

XRP could be gearing up for a major price shift soon, according to market analyst ChartNerd. The token is currently testing long term support near the $1.06 mark following months of negative market sentiment. The analyst notes that this recent decline is simply part of a wider crypto correction rather than any fundamental issue with Ripple. He believes the coming months are setting the stage for a massive market repricing.

From a technical standpoint, XRP is moving inside a falling wedge pattern near a crucial six year support zone. Key resistance levels sit near the daily 20 exponential moving average at $1.08, along with the 50 exponential moving average at $1.12. Another analyst, EGRAG CRYPTO, previously pointed to the $1.05 region as a major battleground for the asset. If buyers hold this line, the price could climb back toward $1.10 and higher.

Trading around $1.07, XRP is down slightly over the past week and remains far below its all time high from July 2025. Despite recent struggles, institutional interest persists with spot exchange traded funds recording millions in net inflows recently. Ripple has also expanded its ecosystem by investing in tokenized fund firms. Traders should watch the $1 support level closely, as a dip below that area could offer a compelling long term entry point.