XRP's Ascending Support Structure Put to the Test at $0.90-$0.70

Crypto analyst ChartNerd believes XRP is approaching a critical price zone that could bring significant support. According to his multi-year chart pattern, the asset's long-term ascending support remains intact despite the current decline.

The key area of interest lies between $0.90 and $0.70, where previous interactions with the ascending trendline have resulted in major expansions. ChartNerd labels this as the '3rd retest' zone and considers it a crucial level to watch.

In his analysis, ChartNerd also pointed out that XRP may be forming a multi-year cup and handle pattern beneath nearly eight years of resistance. He suggests that the cup portion of the formation could already be complete, while the handle has been developing since XRP reached its previous all-time high.