Why XRP May Retest $1 Before Its Next Major Rally: Analyst

Analyst ChartNerd said in a video on X that XRP might retest $1 after closing last week below its 20-week moving average, a trend line based on recent weekly closes. He said that retest could form a double bottom, a pattern with two lows, comparable to 2022, while reclaiming and holding $1.33 would weaken the case. XRP traded at $1.33 on CoinGecko at the time, up 2% in 24 hours but down nearly 3% for the week and 45% from a year earlier, 63% below its $3.65 all-time high.