Crypto analyst Ali Martinez is sounding alarms on XRP's immediate support at $1.06, where over 830 million XRP were previously purchased. The zone, built during the recent correction, faces renewed pressure after the asset dipped to $1.01, a level not seen since November 2024.
$1.06 Support: 830M XRP Accumulated
Martinez describes the $1.06 area as a historically significant region where buyers aggressively accumulated. On-chain data shows heavy transaction volume clustered around that price, forming a technical line in the sand. If that level fails, bearish momentum could accelerate quickly. "These zones of high historical buying activity often act as solid price support if the market revisits them," Martinez notes.
"Support regions for XRP currently stand out at $1.06, $0.80, $0.62, and $0.51—these areas have previously seen high trading volume and may influence price direction." — Ali Martinez
On-Chain Data Reveals Deeper Supports
The analyst points to historical records showing about 1.16 billion XRP changed hands near $0.62. Should the $1.06 support break decisively, XRP may first target $0.80, with further risk of sliding toward $0.63. These levels represent zones where investors built substantial positions in the past. "On-chain data" in this context refers to wallet movements and transaction clusters recorded directly on the XRP Ledger.
Recent Price Action Adds Pressure
XRP's retest of $1.01—a price not seen since November 2024—has reinforced the view that the asset may have lost its immediate support floor. Market focus has shifted to the next notable support at $0.80. The analysis underlines that if the critical $1 threshold fails to hold, downward pressure on XRP could intensify further.
At press time, XRP trades near $1.01, and traders remain cautious. Investors are reminded that cryptocurrencies carry high volatility and risk; always conduct independent research.