XRP Drops to $0.90: Ali Martinez Eyes Long-Term Buy
Crypto analyst Ali Martinez (@ali_charts) says XRP is approaching a long-term technical level near $0.90. In his monthly chart, an ascending trendline—supporting XRP since 2017—converges close to $0.90, with prior touchpoints in 2021 and 2024 and a projected retest.
Martinez argues that if XRP revisits $0.90, it “could offer a compelling long-term buying opportunity.” He also maps key horizontal levels: support around $0.90, resistance near $3.32, and higher upside targets at $8.37 and $13.57.
Recent price action is described as weakening since XRP started June at about $1.33, pulling price closer to the $0.90 region. While Martinez notes investors are buying dips, the chart’s setup suggests a potentially better accumulation entry if XRP falls further into the $0.90 support zone.
The article frames the long-term uptrend as intact as long as XRP holds above the ascending support line. Traders are therefore likely to watch $0.90 closely in the coming weeks, looking for a defense of support that could keep higher targets in play.
*Disclaimer: Not financial advice.*
Neutral
This is largely a technical “watch level” story. The focus is on XRP testing $0.90 support: that can be seen as a bearish near-term move (downside pressure toward a lower level), but the article frames $0.90 as a potential accumulation zone, which offsets that downside view.
Historically, similar retests of long-term ascending trendlines often trigger two paths: (1) a clean defense of support leading to trend continuation and upside toward prior resistance bands; or (2) a breakdown causing acceleration lower and invalidating the longer-term structure. The cited chart keeps the broader uptrend intact only if XRP stays above the ascending line.
For traders, near-term volatility around $0.90 is the key. A bounce would likely attract dip-buying and momentum traders, while a failed hold could increase selling pressure and shift attention to lower price discovery. Long-term, if XRP confirms the trendline support, the roadmap to $3.32, $8.37, and $13.57 becomes more credible; otherwise, those targets may be delayed or repriced. Overall, because the signal is conditional (support must hold), the market impact is best categorized as neutral.