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XRP Drops Below $1.36 Again: Here Are the Levels Bulls Must Reclaim
$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.
Source: cryptonews.net