bullish

Rally

<h3 id="what-to-know">What to know:</h3>
<ul>
 <li>XRP approaches major resistance as analyst warns deeper correction could eventually emerge.</li>
 <li>ChartNerd identifies weekly EMA levels controlling XRP’s next decisive directional movement.</li>
 <li>XRP could reach $1.80 before bears target another significant market breakdown.</li>
</ul>
XRP climbed back toward a critical resistance region over the weekend after buyers forced price action above several short-term barriers, placing the asset near its strongest levels in months. The latest recovery has revived bullish expectations across the market. 
However, larger technical indicators continue signaling that XRP could still face another major downside phase before confirming a broader reversal. <a href="https://x.com/ChartNerdTA/status/2053542993131610211" rel="noopener noreferrer nofollow">According to crypto market analyst ChartNerd</a>, XRP remains trapped beneath key weekly resistance levels despite the recent rebound. 
In his latest market analysis shared on X, the analyst warned that the current rally could eventually lead to another correction toward the $0.90 and $0.70 regions if buyers fail to reclaim critical moving averages. 
<h2 id="xrp-could-rally-toward-1-80-before-another-correction-emerges">XRP Could Rally Toward $1.80 Before Another Correction Emerges</h2>
Recent chart structure shows XRP attempting to break above a tightening triangle pattern that developed over several months. Descending resistance continued compressing price against rising support, creating a major breakout zone near the apex formation. 
According to ChartNerd, the $1.45 to $1.50 region currently represents XRP’s most important resistance area on the daily timeframe. He explained that sustained candle closes above that zone could open the path toward the $1.60 and $1.80 levels before stronger macro resistance returns. 
Also Read: <a href="https://36crypto.com/capital-b-secures-17-8m-as-bitcoin-treasury-race-intensifies-across-europe/" rel="noopener noreferrer nofollow">Capital B Secures $17.8M as Bitcoin Treasury Race Intensifies Across Europe</a> 
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 This is what i'm seeing here <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f914.png" alt="🤔"> 
 If <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> does secure a confirmed breakout on the daily here, the weekly still tells us to respect the current trend with heavy macro resistance above. 
 Looking at this chart, there is a strong possibility that this is just a countertrend rally… <a href="https://t.co/b4hKSawqyM" rel="noopener noreferrer nofollow">https://t.co/b4hKSawqyM</a><a href="https://t.co/ViU5QrYbFE" rel="noopener noreferrer nofollow">pic.twitter.com/ViU5QrYbFE</a> 
 — <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f1ec-1f1e7.png" alt="🇬🇧"> ChartNerd <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ca.png" alt="📊"> (@ChartNerdTA) <a href="https://twitter.com/ChartNerdTA/status/2053542993131610211?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 10, 2026</a> 
 </blockquote>
</div>
Additionally, the analyst noted that a weekly close above $1.47 would mark <a href="https://36crypto.com/massive-xrp-exodus-hits-exchanges-as-etf-demand-signals-major-price-move/" rel="noopener noreferrer nofollow">XRP’s highest weekly close</a> in more than three months. Such a move could strengthen bullish momentum across lower timeframes and encourage additional short-term buying activity. 
<h2 id="weekly-ema-levels-continue-controlling-xrp-trend">Weekly EMA Levels Continue Controlling XRP Trend</h2>
Despite that possibility, ChartNerd stressed that XRP’s larger weekly structure still favors caution. He pointed directly to the weekly 20 EMA near $1.58 and the weekly 50 EMA near $1.85 as the most important macro resistance levels controlling the trend. 
Earlier this year, <a href="https://36crypto.com/tag/xrp/" rel="noopener noreferrer nofollow">XRP</a> lost both moving averages before confirming them as resistance during January 2026. Consequently, that rejection produced a confirmed 20/50 EMA death cross, which later preceded the decline from approximately $2.40 toward the $1.11 region. 
Moreover, the analyst argued that the current rebound resembles the same countertrend rally structure seen before the previous breakdown accelerated. Because XRP still trades below both moving averages, he believes the market has not yet confirmed a genuine macro bullish reversal. 
<h2 id="analyst-still-sees-possibility-of-a-drop-toward-0-70">Analyst Still Sees Possibility of a Drop Toward $0.70</h2>
Besides outlining potential upside targets, ChartNerd also warned that failure to reclaim those EMA levels as support could expose XRP to another sharp decline. According to the analyst, downside targets between $0.90 and $0.70 remain possible if broader bearish momentum regains control. 
At the same time, the analyst acknowledged that reclaiming both weekly EMAs would significantly weaken the bearish outlook and improve XRP’s chances of establishing a stronger long-term recovery. That scenario would require<a href="https://36crypto.com/xrp-ledger-unveils-massive-lending-upgrade-that-could-transform-xrp-forever/" rel="noopener noreferrer nofollow"> XRP</a> to maintain sustained momentum above the current resistance structure while converting those moving averages into confirmed support zones. 
XRP continues approaching a decisive technical zone as traders monitor whether bulls can sustain momentum above key resistance levels. While short-term conditions have improved, the weekly EMA structure still suggests caution until XRP reclaims those macro indicators as confirmed support. 
Also Read: <a href="https://36crypto.com/cardano-unveils-massive-lace-wallet-upgrade-ahead-of-critical-hard-fork/" rel="noopener noreferrer nofollow">Cardano Unveils Massive Lace Wallet Upgrade Ahead of Critical Hard Fork</a> 
The post <a href="https://36crypto.com/top-analyst-warns-of-a-posible-0-7-xrp-price-decline-but-heres-what-could-happen-first/" rel="noopener noreferrer nofollow">Top Analyst Warns of a Possible $0.7 XRP Price Decline, But Here’s What Could Happen First</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Top Analyst Warns of a Possible $0.7 XRP Price Decline, But Here’s What Could Happen First

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