XRP price faces $0.90 plunge risk before a possible bottom
XRP price is stabilising near $1.14 after a sharp weekly selloff, but analyst Ali Martinez warns downside risk remains. He says XRP could revisit $0.90 before a durable bottom forms, citing a bearish weekly descending parallel channel and weak momentum indicators.
On the weekly chart, immediate support is around $1.13, with deeper support at $0.90. Momentum is still unfavourable: weekly MACD stays below zero, and Aroon Down is near 92.86% while Aroon Up is about 14.29%, suggesting sellers control the bigger trend.
Liquidation data also points to risk. A 3-day liquidation heatmap shows heavy leverage clustered below spot price between $1.08 and $1.05, with another liquidity pocket near $1.04. That concentration could trigger another forced-selling wave if XRP sweeps those levels. Upside liquidity sits around $1.17–$1.20, but a stronger bullish case likely requires reclaiming $1.31 and then $1.50.
Traders are also weighing macro pressure: weaker risk appetite amid Bitcoin’s struggle near the $60k area, persistent spot Bitcoin ETF outflows, a stronger US dollar, and higher oil prices that can reinforce inflation fears.
Counterbalance: fundamentals are improving. XRP Ledger (XRPL) reportedly attracted about $1.5B in real-world asset (RWA) inflows over 30 days, and XRPL’s RWA market cap rose sharply in Q1, with RLUSD expansion via Wormhole supporting liquidity.
Near-term takeaway for XRP traders: a weekly close below $1.10 could expose $1.05 first, then $0.90. A rebound above $1.20 may slow downside, but the broader downtrend may need a break above $1.50 to weaken.
Bearish
The article’s core message is bearish for XRP in the short term. Even though XRP is stabilising around $1.14, the cited weekly descending parallel channel and momentum signals (MACD below zero, Aroon skewed to Aroon Down) indicate the larger trend remains seller-controlled. More importantly for trading flows, the liquidation heatmap highlights large clusters below current price (roughly $1.08–$1.05 and near $1.04). In prior liquidation-driven selloffs across crypto, price often “wicks” downward to clear those liquidity pools before any sustained recovery—exactly the setup that keeps $0.90 on the radar.
At the same time, the fundamental XRPL/RWA and RLUSD liquidity expansion provide a longer-term counterweight, which can reduce the probability of a permanent breakdown. That said, the piece frames fundamentals as secondary to near-term price action. Practically, traders should expect higher volatility and potential stop-driven flows if XRP loses $1.10, with $1.05 and $0.90 acting as key magnets. A convincing reversal would likely require reclaiming $1.20 first and then $1.31/$1.50 to break the descending channel structure—otherwise rallies may be treated as opportunities to hedge or fade.