Crypto analyst ChartNerd believes XRP is approaching a decisive moment after several days of tightening price action. The analyst pointed to increasing price compression as the final week of
Crypto analyst ChartNerd believes XRP is approaching a decisive moment after several days of tightening price action. The analyst pointed to increasing price compression as the final week of July begins, suggesting that volatility could soon return to the market.
ChartNerd noted in his tweet that XRP has retraced to an ascending support trend line after encountering resistance at the daily 50-day exponential moving average (EMA).
He identified the daily 50 EMA, located around $1.14, as the primary barrier preventing the asset from moving higher and stressed that the ascending support “must hold” if XRP is to maintain its current structure.
$XRP volatility is coming: price is compressing into an apex as we enter into the last week of July. Over the last few days, we have retraced back to ascending support, with the daily 50 EMA overhead as major resistance ($1.14). The line must hold. Enjoy XRP family
pic.twitter.com/zH1V74xK6A
—
ChartNerd
(@ChartNerdTA) July 24, 2026
In a video accompanying the post, ChartNerd explained that XRP is currently trading between two significant technical levels. On one side is the ascending support that has guided price action since June, while the daily 50 EMA continues to act as major resistance.
He reviewed XRP’s recent market behavior, pointing out that previous encounters with the 50 EMA resulted in notable declines. The first rejection occurred on June 15, when XRP fell from approximately $1.30 to $1.00. That decline established the ascending support trend line that has since become an important technical level.
ChartNerd explained that XRP later rallied back toward the 50 EMA, reaching roughly $1.18 before another rejection sent the price back to the same ascending support. He noted that this sequence has repeated once again, with XRP rebounding from support only to face renewed selling pressure at the moving average.
ChartNerd said the latest pullback had been anticipated after XRP encountered both the daily 50 EMA and a resistance zone around $1.16. He explained that this area represented a likely point for rejection, making a return to ascending support a possibility that had already been outlined in previous analyses.
Now that XRP has returned to test that support once more, he described the current situation as a critical point on the daily timeframe. He maintained that the trend line must remain intact if XRP is to continue moving toward higher targets, including a potential advance to around $1.24.
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The analyst emphasized that preserving this support is essential for maintaining the bullish structure that has developed over recent weeks.
ChartNerd concluded that XRP’s price continues to compress between the ascending support trend line and the daily 50 EMA, while the broader resistance area around $1.16 further limits upward movement.
With the range becoming narrow, he believes the market is approaching a point where a stronger move becomes more likely. He suggested that this tightening pattern could continue into late July or early August before XRP ultimately breaks out of its current range.
For now, ChartNerd views the ascending support as the level to watch most closely, while the daily 50 EMA remains the key obstacle that XRP must overcome to confirm a stronger upward move.
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