XRP, is $1 a 'golden ticket'?...Attention on the possibility of a large-scale price revaluation

▲ XRP

XRP has once again approached its 6-year long-term support line. Analysis suggests that a large-scale price revaluation could begin in the coming months. However, there is also a possibility of it falling below $1.

According to the cryptocurrency specialized media CryptoPotato on August 4 (local time), crypto analyst ChartNerd recently diagnosed that XRP's long-term bearish trend is a process of preparing for the next market revaluation. He explained that while altcoins have underperformed Bitcoin (BTC) for most of this market cycle, there is no fundamental problem with XRP itself. He said, “The next few months will set the stage for the next market revaluation,” adding, “It could be the biggest revaluation ever.”

XRP is testing the $1.06 long-term support line. While it has failed to break above the 20-day exponential moving average (EMA) near $1.08, the 50-day exponential moving average at $1.12 also remains a resistance level. If buying pressure regains dominance, $1.16 is considered the next resistance. XRP's price movement is within a falling wedge pattern. ChartNerd analyzed that the 6-year support zone appeared just before major past rallies.

The possibility of the $1 line breaking down was not ruled out. ChartNerd stated that given the current market structure, a move below $1 is not an unexpected scenario. However, he evaluated this range as an entry point that could be a 'golden ticket' for long-term investors. He said, “The lower the price goes, the better the long-term opportunity becomes,” adding, “Everything is a matter of perspective.”

Crypto analyst EGRAG CRYPTO identified $1.05 as a 'battleground' for XRP. Analysis suggests that if this price level is maintained, it could rebound above $1.10, but if support fails, it could fall further to the $1 line. XRP has fallen 1% in 24 hours and approximately 3% in the last 7 days. The decline over the last three months is about 24%. Compared to its all-time high of $3.65 recorded in July 2025, it is more than 70% lower.

Ripple continued its ecosystem expansion by investing in Zilo and Licuido, which focus on tokenized funds and institutional asset infrastructure. XRP spot ETFs also recorded a net inflow of $27 million in July. However, the net inflow significantly decreased from $60 million in June and $132 million in May. Despite positive developments in the ecosystem and institutional investment sectors, XRP failed to maintain its mid-July gains, making the defense of the $1.05 and $1 support lines a key variable that will determine future trends.

[Key Article Summary]

-XRP is re-testing a 6-year long-term support zone that was formed before past major rallies.

-ChartNerd suggested the possibility of the largest market revaluation in history beginning in the next few months.

-A warning was also issued that failure to defend $1.05 could lead to a fall to $1 or below.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*