XRP Faces Continued Downward Pressure Despite Rebound: “If It Fails to Hold $0.90, It’s Over”

▲ XRP / AI-generated image

Amid growing market volatility, key support levels have been identified that could serve as a buffer for XRP if it faces a further downturn.

According to The Crypto Basic, market analyst Ali Martinez set core support zones for XRP through technical structure analysis. Although XRP rebounded above $1.40 earlier this week, it remains subject to broader market downside pressure. Martinez noted that if the market undergoes a deep correction, the range between $0.90 and $0.60 could act as a crucial cushion to defend against further price declines.

Based on the monthly chart, Martinez highlighted a massive triangle pattern that has been forming since 2020. The upper resistance line of this pattern stands near $3.30, a level that capped price rallies several times last year. In contrast, the lower support line of the triangle points to the $0.90 to $0.60 range. This support line extends from the lows of the 2022 bear market and served as a key technical zone where XRP stabilized before breaking above $1 in late 2024.

Despite the recent rebound, Martinez cautioned that sharp rallies are typically followed by consolidation or corrections. Maintaining the $0.90 to $0.60 range is essential to preserving XRP’s long-term bullish structure, and a breakdown below this zone could significantly increase downside risk. Market participants remain divided, with some eyeing a potential buying opportunity on dips while others point out that current prices remain well above the identified support levels.

On-chain data, however, has shown positive signals. The proportion of XRP supply held on Binance has fallen to 0.025, marking its lowest level in two years. This is a sharp decline compared to 0.0302 during the price plunge in October 2025. Since October 2025, approximately 500 million XRP have flowed out of Binance, according to reports. A reduction in exchange-held supply tends to ease selling pressure and support price stability.

Strong demand has also been observed on Bitrue. Spot buying volume for XRP on the exchange surged 212%, with buy orders more than doubling sell orders. Bitrue attributed the spike to continued institutional accumulation following the launch of XRP spot ETFs. As tightening supply meets rising demand, investors are expressing expectations that XRP may be preparing for a significant move.

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