XRP $1–$1.70 Range Seen as Foundation for Next Major Price Move

XRP recent move below $1 and subsequent rebound toward $1.70 is forming the accumulation base needed for its next major price expansion, according to analyst ChartNerd.

In a recent post, ChartNerd revisited a macro analysis first published on December 12, 2025. At the time, he projected that XRP would crash by 70% before returning toward the $1 level in 2026 and establishing a high-probability accumulation zone.

Indeed, much of that structure has now played out. XRP dipped 73% from $3.66 in July 2025 to $0.978 in August 2026. Meanwhile, it has rebounded more than 72% from that low.

Now, ChartNerd argued that the combination of a deep correction, recovery, and subsequent range-building is the type of structure that can characterize a macro bottom.

The analyst acknowledged that the timing differed from his original forecast. He had expected the bulk of the decline to occur during the first quarter of 2026, but the correction instead extended into the third quarter.

However, ChartNerd views the delay as constructive rather than a failure of the thesis. He described the prolonged correction as a time-based correction rather than a sharp capitulation event that inflicts greater structural damage on the market.

The resulting price range around $1 to $1.70, he argued, gives XRP additional time to establish a foundation heading into the end of 2026.

ChartNerd also warned XRP holders not to assume the recent sweep below $1 was necessarily the final opportunity to accumulate at those levels. He said another move toward similar territory could occur before the “real repricing.”

That means another decline toward the $1 area would not necessarily invalidate the longer-term bullish structure, in his view. At press time, XRP is at $1.40, down 19% from $1.70.

ChartNerd has continued to focus on XRP’s long-term structure rather than short-term price volatility.

In July, he argued that whether XRP swept below $1 or not, historical price behavior following corrections of more than 70% pointed toward either substantial accumulation or a powerful “vertical spring.”

His longer-term outlook remains substantially more bullish, with targets of $8, $13 and $27 by 2030. For XRP holders, these outlooks imply around 6X to 21X upside from the current level. And from the recent low of $0.978, the gains are even more astounding.