A crypto analyst is spotlighting a key support level for XRP — and it lines up with a long-term technical pattern on the monthly chart.
Ali Martinez posted on X that XRP appears to be trading inside an ascending triangle on the 1‑month timeframe. The pattern is defined by a flat upper trendline (resistance) and an upward‑sloping lower trendline (support). Because the lower line is rising, the triangle’s price range narrows toward the upside, which is why the formation is labeled “ascending.”
Martinez’s chart shows XRP retested the triangle’s ceiling last year and was rejected, triggering a prolonged pullback that has pushed price closer to the pattern’s base. Extending the current trajectory, the analyst projects a possible retest of the lower trendline near $0.90.
“I’m watching $0.90 closely on $XRP,” Martinez wrote. “If price gets there, I think it could offer a compelling long-term buying opportunity.” Whether XRP reaches that level depends on how long the current downside momentum persists — and of course on whether the price ultimately breaks the triangle’s resistance or support, which would signal a directional continuation.
For context, XRP dropped to about $1.05 earlier before recovering to roughly $1.15 at the time of the post.
Martinez also noted a separate setup for Ethereum: ETH is trading inside a weekly parallel channel and has retraced roughly 75% down the range, with the next key level at the channel bottom around $1,096.
What to watch: a move toward $0.90 would test the ascending triangle’s support and could present a long‑term buy zone if the pattern holds; a breakout above the triangle’s flat resistance would point to bullish continuation.
Read more AI-generated news on: undefined/news
