XRP Is Setting Up For Something Big — Top Analyst Breaks Down Every Signal Worth Watching

XRP is inching closer to testing the $1 support level for the first time since November 2024, caught in a broader market selloff that briefly sent Bitcoin (BTC) below $58,000 on Tuesday and dragged crypto prices down. 

But underneath the surface, a set of technical indicators and on-chain data are sending mixed signals — and according to analyst Ali Martinez, a volatile move in either direction may be close.

Rising Network Activity And A Buy Signal — With One Catch 

In a post on X (Previously Twitter), Martinez highlighted several metrics converging at the same time. The first is the Tom DeMark Sequential indicator, a technical tool used to identify potential exhaustion points in a price trend and anticipate reversals. 

On XRP’s daily chart, the indicator has flashed a buy signal — a pattern that Martinez said historically points to a brief one-to-four-day relief rebound rather than a sustained trend change.

Network activity appears to support that thesis on the surface. The number of daily active XRP addresses has surged nearly 50% over the past two weeks, climbing from around 23,000 to nearly 40,000, which typically suggests growing interest and demand.

Martinez was quick to add important context to that figure, though. Large XRP holders — commonly referred to as whales — have been actively selling during this same period. 

The spike in active addresses, he argued, is likely being driven by those large holders moving tokens to exchanges in preparation for selling rather than reflecting genuine new demand entering the market. 

$1.06 Is Where The Next XRP Move Gets Decided 

The level that ties all of this together is $1.06. According to UTXO Realized Price Distribution (URPD) data, that price acts as the current key support floor. What happens there will likely determine which direction the next significant move takes. 

If buyers manage to hold $1.06, Martinez said the daily buy signal gets validated, and a rebound toward $1.27 and then $1.35 becomes the likely path. If the level breaks and XRP records a daily close below it, the picture changes considerably — a deeper flush toward $0.80, $0.62, or even $0.51 becomes the scenario to watch.

Martinez also framed the broader technical picture. From a channel perspective, XRP ran into resistance at the top of its price channel and is now heading toward the channel’s mid-range, which sits in the $0.70 to $0.80 zone. 

Featured image generated with OpenArt.