Crypto analyst ChartNerd said on August 3 that XRP\u2019s prolonged weakness could be setting the stage for a major market repricing.<\/p>\n
With the token testing long-term support near $1.06 after months of negative sentiment, the market watcher argued that the current decline is part of a wider crypto correction rather than a sign of weakness in Ripple\u2019s fundamentals.<\/p>\n
ChartNerd wrote<\/a> that being a macro XRP bull during the current downturn has been difficult, especially as altcoins have underperformed Bitcoin (BTC) for much of the cycle.<\/p>\n He stressed that nothing is inherently wrong with the asset and described the current period as a normal correction within a larger trend.<\/p>\n \u2018The next few months are setting the stage for the next market repricing. Maybe the biggest yet,\u201d he stated.<\/p>\n His focus is on XRP\u2019s technical structure, with the token again testing<\/a> the $1.06 support area after failing to break above its daily 20 EMA near $1.08. The 50 EMA near $1.12 is another resistance level, as is $1.16 if buyers regain control.<\/p>\n According to ChartNerd, XRP\u2019s current price action is taking place inside a falling wedge pattern while approaching<\/a> a six-year support zone that in the past came right before a big upward movement. However, the analyst also warned that a move below the $1 support would not be unexpected, considering the prevailing market structure, but painted it as a \u201cgolden ticket\u201d entry point.<\/p>\n \u201cThe lower it goes, the better the long-term opportunity becomes,\u201d he said. \u201cIt\u2019s all about perspective.\u201d<\/p>\n Analyst EGRAG CRYPTO had earlier identified<\/a> the $1.05 area as a \u201cbattlefield\u201d for the asset, with a successful defense potentially taking it back toward $1.10 and higher, while a breakdown below that zone could expose XRP to the $1 region ChartNerd spoke about.<\/p>\n The #6 biggest cryptocurrency was trading around $1.07 at the time of writing, down 1% in 24 hours and nearly 3% over seven days. It has also lost about 24% of its value in the past three months, keeping it more than 70% below its July 2025 all-time high near $3.65.<\/p>\n And that weakness is present despite developments around the Ripple ecosystem, including an announcement by the blockchain payments firm that it has invested<\/a> in Zilo and Licuido, two companies focusing on tokenized funds and institutional asset infrastructure.<\/p>\n Institutional interest has also been positive, with spot XRP ETFs recording<\/a> $27 million in net inflows in July, although that figure was markedly lower than June\u2019s $60 million and May\u2019s $132 million, highlighting XRP\u2019s\u00a0struggle to hold higher levels after its mid-July rally.<\/p>\n The post Major XRP Repricing Could Begin in the Next Few Months: Analyst<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto analyst ChartNerd said on August 3 that XRP\u2019s prolonged weakness could be setting the stage for a major market repricing. With the token testing long-term support near $1.06 after months of negative sentiment, the market watcher argued that the current decline is part of a wider crypto correction rather than a sign of weakness […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208510","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208510"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208510"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208510\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Long-Term Thesis Facing Short-Term Pressure<\/h2>\n