As XRP tries to defend a key support level, the analyst called for a 30%-40% rally in the coming weeks, suggesting that the altcoin could see a temporary relief before it reaches a “critical inflection point.”
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XRP Protects Its ‘Lifeline’
On Friday, XRP saw a 2.5% intraday retracement to retest the $1.43 area before jumping above the key $1.40 level. The altcoin has been hovering between $1.34-$1.50 for the past month, recently trying to break out of the upper boundary of the range.
During this week’s market rally, the cryptocurrency rallied 15% from a low over the weekend, hitting a one-month high of $1.60 on Tuesday. However, broader market volatility has pulled XRP back into its territorial range, leading the altcoin to reassess key territory.
Analyst ChardNerd confirmed that the altcoin is “currently defending a lifeline as it clings to support” and that he expects to continue at what he believes will be “an important inflection point” in the coming weeks.
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XRP has been trading around the 200-Week Exponential Moving Average (EMA), currently at $1.41, with multiple closes below it and retracements above this level on the latest weekly candle.
As he explains, this is the most important protection that the cryptocurrency should protect as the end of the week approaches, as it would set the stage for a new retest and a possible recovery of its resistance at $1.50 and a support meeting towards the two important levels above, the 20 EMA and the 50 EMA.
“So, what I’m trying to say is that XRP may have some kind of relief in the coming months, up to these EMAs, which are sitting between $1.80 and $2.00. And if it gets this break, that will mark a very critical point.”
He reiterated that XRP needs to protect and hold the 200 EMA, as it recovered a key support level in the weekly timeframe and pushed the price to its recent local highs.
Why An April Rally Is Possible
Delving deeper into the potential rally, the analyst noted that in previous cycles, XRP has also had “very interesting unfolding price action.”
He also noted that after rising in 2021, the altcoin fell to the 200 EMA, saw a support rally towards the 20 and 50 EMA before being rejected and finally descending into a bear market decline.
Now, the cryptocurrency has done “exactly what we did at the peak of the previous cycle in 2021,” retreating significantly from its peak of July 2025 and returning to the 200 EMA.
Notably, the altcoin saw almost three months of relief after a successful backtest, which could indicate that “this is where we can see the coming trend of a few months, if Bitcoin behaves.”
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Furthermore, the previous relief meeting took place around March 2022, ChardNerd asserted, noting that “It doesn’t have to happen again the same way.” If the rally in March does not return to $1.80-$2.00 next week, the analyst suggested that “it is likely to last longer than the previous cycle” and continue into April or May.
“So, that’s why there’s still potential, I think, to make a push to $2 and XRP back to $0.80 to $0.70,” he concluded.
Featured image from Unsplash.com, Chart from TradingView.com
