Why XRP May Retest $1 Before Its Next Major Rally: Analyst

XRP's recovery rests on weekly closes above $1.33; failure to regain that level leaves the $1 region exposed, an analyst warned today. XRP closed last week’s candle beneath its 20-week moving average, and analyst ChartNerd says in a video on X that a pullback toward $1 is now a live possibility. A retest there could build a double bottom, an outcome the analyst compares to 2022, though a reclaim of $1.33 would weaken the case. XRP Needs $1.33 Back to Avoid a Deeper Retrace XRP, worth $1.33 on CoinGecko at the time of writing, rose by 2% within the last 24 hours but lost nearly 3% within the last week. At the same time, it lost 6% within the last 30 days and is down 45% from a year ago, pushing it 63% lower than its all-time high of $3.65. The weekly chart tells the rest. In the week of September 14, XRP wicked below the 20-week exponential moving average (EMA), a trend line built from recent weekly closes, but closed above it and climbed to the 50-week EMA near $1.50. That line has rejected price for nine to ten weeks, following a roughly 70% bounce from a 98-cent low to $1.70, and the pullback since has been about 25%. Of the $1.30 area, the analyst noted that “the bulls have a li...