Crypto analyst ChartNerd (@ChartNerdTA) has published a new analysis on XRP, outlining two bearish scenarios for Q4. XRP currently trades around $1.56, sitting directly at the 50-week EMA. Ch
Crypto analyst ChartNerd (@ChartNerdTA) has published a new analysis on XRP, outlining two bearish scenarios for Q4. XRP currently trades around $1.56, sitting directly at the 50-week EMA. ChartNerd sees this level as critical. The price action from here will determine which scenario unfolds.
The Two Scenarios
Scenario 1 projects a rejection between $1.50 and $1.60, near the 50-week EMA, followed by a retrace into Q4. The price fails to reclaim the moving average and sells off from current levels.
Scenario 2 allows a short-term push into the $1.80 to $2 range, retesting what a key support floor from 2025. That retest becomes resistance. A deeper Q4 pullback follows from there.
Both scenarios end in a decline. The difference is how high XRP climbs before the move lower begins.
Reading the Chart
The chart covers price action from early 2025 through a projected decline into late 2026. XRP peaked at $3.65 in July 2025, then fell sharply, bottoming near $1 in August. Two red horizontal lines mark the key levels. The lower sits near $1.55, the Scenario 1 rejection zone. The upper sits near $2, the Scenario 2 retest zone.
A white moving average curves downward across the chart, confirming the bearish trend structure. Projected price paths show both scenarios converging lower into Q4.
A Proven Track Record
ChartNerd’s current outlook carries weight. Earlier in 2025, when most analysts held bullish targets for XRP, he projected the asset would sweep below $1. In August, that call proved correct. His willingness to take a contrarian position and be right in his Q4 analysis added credibility among traders watching the asset.
Where is XRP Going?
Not everyone agreed with his outlook. A commenter challenged ChartNerd with a bullish projection. He acknowledged the long-term case for XRP and linked to his own bullish projection. The analyst noted that XRP’s macro direction is upward. However, that does not negate short-term moves.
ChartNerd has previously set a $27 target for 2030 and shared analysis projecting double-digit prices over a longer time horizon. The next several weeks will reveal which scenario plays out. A failure to push higher from current levels confirms Scenario 1. A move toward $2 opens Scenario 2 before the expected decline. Both paths lead to a Q4 retrace.
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