XRP (CRYPTO: XRP) may be setting up for a short-term rebound, but analysts caution that the broader trend remains bearish unless key resistance levels are reclaimed.

XRP’s Cyclical Structure

In an Apr. 20 podcast, technical analyst ChartNerd said XRP continues to follow a long-term cyclical pattern seen since 2020.

Historically, the asset has dropped to a rising support trendline, formed a base such as a double bottom, and then triggered a strong rally to new highs.

The current phase appears to be another correction following the July 2025 peak. Based on this structure, XRP may still need to revisit its key support zone between $0.70 and $0.90 before forming a durable cycle bottom.

On the…

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