XRP could face another significant decline if it fails to defend the $0.99 support level, according to crypto analyst Ali Martinez, who has identified $0.80 as a potential downside target after the token was rejected near the $1.55 resistance.

In a recent post on X, Martinez highlighted a weakening price structure on XRP's three-day chart, a higher-timeframe view that filters out short-term noise to emphasize the broader trend. The cryptocurrency has reversed its previous recovery, surrendering accumulated gains and moving closer to the lower boundary of its established trading channel, the parallel range that has framed XRP's swings on the chart.

The chart places XRP near $1.026, leaving the asset relatively close to the $0.99 level that Martinez considers critical for determining its next direction, a threshold sitting just beneath the psychologically significant $1 mark.

XRP Loses Momentum After Rejection at $1.55

Martinez's technical analysis shows that XRP's latest decline followed an unsuccessful attempt by buyers to push the price above $1.55. That rejection marked a turning point in the recovery, allowing selling pressure to regain control of the market structure.

Following the failed breakout, XRP slipped below several important price levels. The cryptocurrency first dropped beneath $1.40 before extending its decline toward the $1.29 support region. The downward move continued as XRP fell below $1.13, bringing the token closer to the lower boundary of the trading channel identified in Martinez's chart.

The chart also highlights an earlier recovery in which XRP rebounded from approximately $1.03 before advancing toward $1.55. Buyers were unable to sustain that upward momentum, however, and the subsequent reversal erased much of the previous recovery.

Ali Martinez Identifies $0.99 as Critical XRP Support

The immediate focus of Martinez's analysis is the $0.99 support level. In technical analysis, support refers to a price zone where buying interest has historically been strong enough to slow or stall declines, and a decisive break beneath it is often read as a sign that sellers have taken control. According to the analyst, XRP needs to hold this threshold to avoid a deeper correction toward $0.80, a target that would imply a decline of roughly 22% from the token's last charted price near $1.026. These figures represent a potential bearish scenario outlined in Martinez's technical analysis rather than a confirmed price prediction.

XRP Recovery Faces Resistance at $1.13 and $1.29

Despite the downside warning, the chart also identifies several price levels XRP would need to overcome during a potential recovery. The first resistance areas are located around $1.13 and $1.29. Beyond those levels, the cryptocurrency could encounter additional barriers near $1.40 and the previously rejected $1.55 region. Resistance zones work as the mirror image of support, marking price areas where selling interest has historically been strong enough to cap advances, so a clear reclaim of these markers would be needed before a sustained recovery could take hold following XRP's recent decline.

For now, the $0.99 threshold remains central to Martinez's outlook. A sustained breakdown below this level could strengthen the bearish scenario toward $0.80, while a successful defense of the support could leave room for another recovery attempt.

About the Writer

Marcus Renfield is a crypto market analyst and onchain writer who covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends. He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.