Until XRP Reclaims This Support Base, $0.70 Remains on the Table

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Crypto analyst ChartNerd has shared a new technical outlook on XRP, identifying what he describes as major bullish reversal signals while cautioning that a decline to $0.70 remains possible.

In his post, ChartNerd emphasized that although positive signals are emerging, XRP must reclaim its prior $1.80 support base before a sustained upward move can be confirmed.

The chart attached to his tweet presents XRP on the monthly timeframe using the Gaussian Channel indicator. Several historical instances are highlighted where XRP retested the upper Gaussian Channel regression band before continuing higher.

These areas are marked as “Upper GC Retest” and “Mid GC Retest,” illustrating how price has historically interacted with the channel during previous cycles.

According to ChartNerd, “XRP: Major bullish reversal signals are flashing; however, $0.70 remains on the table until XRP breaks back through its prior $1.80 support base. The Gaussian Channel signal is hard to ignore here.” His analysis suggests that while technical conditions are improving, confirmation depends on reclaiming former structural support.

$1.80 Identified as Structural Pivot

The chart shows XRP currently trading below the red upper Gaussian Channel band, with price action positioned near a prior support area around $1.80. This level is presented as a decisive threshold. ChartNerd’s assessment indicates that until XRP closes back above that region, the possibility of a deeper retracement toward $0.70 cannot be ruled out.

The tweet says all prior upper Gaussian Channel regression band retests resulted in mid-channel retests. It further states that a possible low could be marked at $0.70 in May or June if the reclaim does not occur. The historical structure depicted on the chart shows similar pullbacks before trend continuation, reinforcing the importance of the current technical position.

The Gaussian Channel, which smooths price data to identify trend direction and volatility boundaries, appears central to ChartNerd’s thesis. His conclusion suggests that the signal currently flashing on the monthly timeframe deserves attention, but structural confirmation remains pending.

Community Reactions Emphasize Structural Reclaim

ChartNerd’s post ultimately presents a balanced technical outlook. While the monthly Gaussian Channel signals a potential bullish reversal, the analyst maintains that confirmation depends on reclaiming the $1.80 support base. Until that level is decisively recovered, the risk of a decline toward $0.70 remains part of the technical picture.

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