Market veteran Ali Martinez recently confirmed that XRP has lost a crucial support level, further identifying the next region to focus on.
The XRP price has continued to struggle since October, which marked the start of Q4. After soaring to a high of $3.1 earlier in October, XRP faced intense bearish pressure, courtesy of a broader market downturn that even pushed Bitcoin (BTC) below the $100,000 psychological support level.
Since then, XRP has seen rapid declines, having collapsed 34% in this quarter and lost the $2 support to trade at $1.86 as of press time. With XRP down 12.97% in December, the crypto asset is on track to record a third consecutive monthly loss for the first time since Q4 2022.
XRP Loses $1.9: Here’s the Next Major Support
Meanwhile, market analyst Ali Martinez recently found indications that further declines may be on the horizon for XRP. In his recent analysis, Martinez called attention to an important support level on the 3-day XRP chart, which had acted as the next defense after the bears breached the $2 psychological level.
Specifically, this support rests on the $1.9 level. The bulls leveraged this area as defense in late November after days of persistent declines that began on Nov. 11. After hitting the $1.9 region, XRP recovered on Nov. 23, eventually soaring back above $2. However, on Dec. 15, the bulls lost $2 again, and XRP relied on $1.9 for support.
However, according to Martinez, the bulls have lost $1.9, as XRP now trades around $1.86 after closing below $1.9. In his analysis, Martinez highlighted that the next support rests at $1.1. Notably, XRP has not revisited this price level over the past year, ever since it pushed above it in November 2024 on the back of the Trump-led rally.
For perspective, XRP would need to collapse by nearly 41% from the current price to hit the $1.1 low. Martinez’s latest disclosure comes three days after the market analyst identified another bearish on-chain signal in the XRP ecosystem. Specifically, he confirmed that active addresses had dropped from 46,000 to 38,500 within a week.
Opinions from Other Analysts
Meanwhile, analyst Crypto King noted that below $1.9, there exists another key support around $1.85, which XRP has continued to maintain. He expects a strong rebound from here to help XRP recover the $1.98 level, which would set the stage for a possible push to $2.58. From here, he believes there may be room toward the July 2025 peak of $3.66.
Another market watcher, CryptoXLarge, argued that XRP may face another support around $1.6, which aligns with the 0.618 Fibonacci retracement on the weekly chart. According to him, if XRP recovers and closes a week above $1.95, it could receive a boost to $2.3, and then $2.7. Meanwhile, the XRP ETFs recently logged another day of inflows, now boasting $1.13 billion in cumulative flows.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
