XRP is approaching a decisive technical moment as price action tightens around a critical support level. Analysts warn that holding above $1.38 may be essential to preventing a deeper correction. With broader market volatility still in play, the token’s reaction at this zone could determine whether bulls regain control or bears extend their grip.
$1.38: A Must-Hold Support for XRP
Market expert Ali Martinez has identified the $1.38 mark as a crucial support zone that XRP bulls must defend to prevent further downside. In a recent post on X, Martinez stressed that this level represents a key structural foundation for the token’s short-term outlook.
Interestingly, Martinez, citing on-chain data from Glassnode, noted that the $1.38 area has historically acted as a major support zone for XRP. According to the data, significant accumulation activity has occurred in this range previously, reinforcing its importance in the current market structure.
However, Martinez cautioned that if bearish pressure persists, a decisive break below $1.38 could send XRP toward $1.06. He described this level as another bullish order block and a major support zone where buyers could attempt to step in once again. In an extremely bearish scenario, the analyst warned that XRP could even crash to $0.80, marking a much deeper retracement.
Bullish Analysts See Cup and Handle Breakout Toward $30
Unlike Martinez’s cautious stance, some analysts in the crypto market are casting a far more bullish outlook on the token. One such expert, Steph Is Crypto, recently speculated in a post on X that XRP is forming a classic cup-and-handle pattern, a bullish technical structure that often precedes a strong upward breakout. According to Steph Is Crypto, a full formation of this pattern could send the token to $30.
XRP Approaches Key Technical Support As Triangle Pattern Tightens
Another analyst with a similar sentiment is Javon Marks, who suggested that XRP is poised for a surge toward $15. He pointed to the breakout in late 2024 as a structural shift that could pave the way for continued expansion, adding that the token could still rally as much as 10x if all key factors align.
Meanwhile, data from CoinMarketCap shows that XRP has dipped below the crucial $1.38 support to trade around $1.35, placing the $1.06 level firmly in play as the next downside target. The breakdown strengthens the bearish thesis outlined by Martinez.
However, analysts note that increased bullish pressure and a swift retest of $1.38 could invalidate the downside outlook and reignite momentum toward higher resistance levels. With sharply contrasting projections ranging from sub-$1 levels to double-digit price targets, XRP now stands at a pivotal crossroads in the market.
Evans Kelvin
The CoinRemark Team
