XRP Rally Looms as Analyst Sees Bullish Structure Intact

XRP's price may be on the verge of a significant surge, according to crypto analyst ChartNerd. Despite recent selling pressure, the token has maintained its bullish structure, and some traders believe this is just the start of a powerful rally.

The current correction could be a round of profit-taking in a market cycle, with XRP testing critical support within a falling wedge pattern that had held the price for almost six years. Historically, sharp rebounds have taken place during such phases, but ChartNerd notes that a short-lived dip past the psychologically important level of $1 cannot be ruled out.

XRP is currently trading at around $1.07, having increased in value by approximately 0.5% in the preceding 24 hours and 1.5% over the preceding week. However, its value has fallen by around 24% over the preceding three months and is more than 70% lower than its all-time high of around $3.65 in July 2025.

Ripple continues to invest in its ecosystem, including two recent investments in companies providing tokenized fund services and institutional digital asset services. Institutional flows have been positive, with spot XRP-based exchange-traded funds seeing $27M in inflows throughout July.