Analyst Ali Martinez has identified $0.90 as a potential long-term buying opportunity for XRP, pointing to an ascending triangle pattern on the monthly chart. The pattern shows support near $0.90 and resistance at the top, which XRP recently tested and failed to break. The token is now trading around $1.15, after bouncing from a low of $1.05.
The $0.90 level
The ascending triangle on XRP's monthly chart has held for months. Support near $0.90 has repeatedly stopped sell-offs, while each rally bumps against a flat resistance line. Martinez sees that support as a buy zone — if the pattern holds, a retest of $0.90 could be the last chance to get in before a breakout. That's a big "if" of course. The current price of $1.15 sits about 22% above that level, leaving room for another leg down.
Rejection and bounce
XRP's latest move came after it pushed higher, touched the top of the triangle, and got thrown back. The rejection sent it sliding to $1.05 before buyers stepped in. That $1.05 low is roughly the midpoint of the current range between resistance and $0.90 support. The bounce from there to $1.15 suggests some buying interest, but the token hasn't reclaimed any significant ground above the triangle's middle zone. If it falls again, $0.90 becomes a very real target.
Ethereum's parallel channel
Ethereum, meanwhile, is stuck in a different technical setup. On the weekly timeframe, it's trading within a parallel channel with support at $1,096. The price has already traveled about 75% of the channel downward from the top, meaning it's closer to the support floor than the ceiling. A break below $1,096 would likely accelerate selling. For now, that level is holding, but the channel's downward slant doesn't inspire much confidence. Ethereum has been sliding for weeks, and the pattern suggests more downside unless buyers defend that line.
What traders are watching
For XRP, the next big test is whether it can hold above $1.05 and eventually push back toward resistance. If not, $0.90 is the line in the sand. For Ethereum, the $1,096 support is the immediate concern — a close below it on the weekly chart would be the first major breakdown in months. Neither token has given a clear buy signal yet. The patterns are intact, but they're also getting stretched. The next decisive move could come within a week or two, depending on broader market sentiment.
