finbold.com
20 March 2026 13:56, UTC
$XRP could present a strong buying opportunity below $1.05 as bullish momentum weakens.
After $XRP price fell below its support level around $2 in early 2026, it accelerated its 60% drop from all-time high (ATH). As such, trading expert Ali Martinez now believes $XRP will fall below $1 soon. Martinez showed that $XRP price may find a strong support level around $0.84, which represents a 42% drop from its current value, and consolidate before kickstarting its next bull rally, per this analyst.
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Martinez identified a multi-week support trendline, based on a logarithmic scale, where the price of $XRP has rebounded after every retest in the past two crypto bull markets. As a result, $XRP price could offer a better buying opportunity for long-term buyers after another capitulation in the near future.
“This trendline could offer a strong buying opportunity for $XRP,” Martinez stated.
Meanwhile, $XRP whales have accumulated more than 220 million $XRP, valued at over $331 million, in the past two weeks, but the value of the token has not gained more than 1% this week.
Currently, $XRP is trading at $1.45, down 1% on the day and up 1.1% over the last seven days. The token’s reported 24-hour trading volume is $2.26 billion, down 27% on Friday, according to data from CoinMarketCap, a crypto data platform.
