XRP has completed a full reversal from its recent highs, returning to levels that now put a critical support zone in focus. Crypto analyst Ali Martinez (@alicharts) flagged the development in
XRP has completed a full reversal from its recent highs, returning to levels that now put a critical support zone in focus. Crypto analyst Ali Martinez (@alicharts) flagged the development in a recent post on X.
He noted that the token “failed to break above the $1.55 resistance at the top of the channel” and has since tracked back toward the channel’s lower boundary. The 3-day chart tells the story clearly. XRP spent much of the year declining, bottomed out around August, then staged a recovery that pushed it to $1.68 at the end of that month.
After some brief swings, it settled around $1.55 by early October. XRP faced resistance at this level, and the selloff has been sharp. It wiped out the entirety of those gains and brought the price to $1.026 as of the most recent candle.
Key Levels Defining the Setup
Several price levels stand out on the chart. The $1.55 zone acted as the ceiling during the recent rally. Below that, $1.40 and $1.29 each served as reference points during the decline. XRP has now cut through both, with $1.13 also giving way in the latest leg down.
That brings $0.99 into focus as the next significant level. Martinez stated that “$0.99 must hold.” That level is the lower boundary of the channel XRP has been trading in throughout this period. A hold there would keep the broader structure intact.
What a Break Below $0.99 Would Signal
Martinez outlined the risk below that level. If XRP loses $0.99 as support, he projects the correction could extend toward $0.80. That would represent a further drop of roughly 20% from current prices and would take XRP well outside the channel that has defined its range for months.
The significance of $0.99 is not purely technical. It marks the zone where buyers previously stepped in with enough conviction to push price off its lows. A failure to defend it would suggest that conviction has weakened.
XRP is at a Decision Point
At $1.026, XRP trades just above the $0.99 support level Martinez identified. The 3-day chart shows the most recent candle sitting near multi-month lows. The reversal from $1.55 to $1.026 is a significant move. Whether $0.99 holds will likely determine the next directional move for the token.
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