XRP targets 13% rebound if $1.14 support holds, analyst Ali Martinez says

XRP has spent the past month declining within a descending channel, with the price action now approaching a critical threshold that may dictate its immediate direction. Crypto analyst Ali Martinez has identified the current range as a key inflection point, with the possibility of a notable move if buyers keep the price above support.

The descending channel setup

Ali Martinez, a well-known crypto market analyst, described XRP’s recent price structure and highlighted a visible pattern on the 4-hour chart. Since mid-October, XRP has consistently moved within a descending channel, characterized by lower highs and lower lows. The asset has repeatedly respected both the upper limit, which acts as resistance, and the lower boundary, which serves as support.

At the latest check, XRP was trading near $1.16, testing the lower limit of this descending channel. Martinez noted the significance of this level in defining market sentiment. He explained that XRP’s price had arrived at a zone where buyers tend to step in, potentially setting up a reversal if the pattern holds true.

XRP has reached the lower boundary of the descending channel that has defined its price action over the past month. If $1.14 holds as support, the price could rebound toward the channel’s upper boundary at $1.30, representing a potential 13% move.

Key support at $1.14

The analyst pinpointed $1.14 as the critical support level. He stressed that this threshold must hold for a bullish reversal to develop. If XRP fails to maintain this support, the prevailing downward trend could deepen, putting recent bullish expectations at risk.

Market participants are closely monitoring whether buying interest will be sufficient to defend $1.14, as a decisive rebound could reestablish positive momentum within the established technical structure.

Potential rebound scenario

Martinez projects that if the $1.14 floor holds intact, XRP could rise toward the top of the channel, targeting $1.30 for a potential gain of about 13% from the current level. However, he emphasized that a rebound to this level would still keep the asset within its broader downtrend, rather than signaling a full bullish reversal.

Throughout the channel’s duration, the $1.30 level has acted as a firm ceiling, consistently limiting XRP recovery attempts. A rebound into this resistance area, while notable, would not be sufficient to break the descending structure unless price action pushes above it on strong volume.

Technical context and timeframe

The 4-hour chart provides an intermediate outlook on price swings, filtering out short-term noise while capturing multi-day trends. XRP’s ability to respect both the upper and lower boundaries throughout the channel adds credibility to the pattern. Historically, sellers have responded whenever the price neared the upper line, while buyers have stepped in at the lower boundary.

The latest approach to the channel’s floor comes after a swift decline from above $1.30 to $1.16, lending urgency to the support test at $1.14. Martinez summarized the situation by noting that holding this level could enable a return to $1.30, while failure might drag the asset lower within its established channel.

Mini dictionary: Ali Martinez is a widely followed cryptocurrency analyst known for technical analysis on digital assets. He often shares chart patterns, key support and resistance zones, and trading outlooks with the broader crypto community.

If $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30. That would represent a potential 13% move within the established pattern, but would not yet signal a breakout from the larger downtrend.