XRP’s next massive resistance bubble lies at $1.38, aligning with the Red-Label Bollinger Band (BOLL). If the OG altcoin is to print a daily candle higher than that range, then the $1.49 green SuperTrend price line becomes in focus.
$1.60 Becomes Plausible When XRP Clears This Level
In a recent analysis from Ali Martinez, the veteran crypto trader expects the OG altcoin to drop towards $1.25, aligning with the lower-boundary level of the parallel channel pictured in the crypto price chart below.
Next up, XRP’s leveraged markets offer a clearer stance on the near-term market sentiment surrounding XRP. The all-around circling market sentiment is still negative with crypto whales also selling. However, Ali forecasts a breakthrough soon.
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“A bounce from $1.25 could give XRP the strength to rally toward the mid-range at $1.42, or potentially the top of the channel at $1.60.”, – said the veteran chart analyst. XRP’s currently situated 6 cents above the lower-boundary of that channel.
The broader crypto market remains under macro uncertainty, with Bitcoin failing to hold above $87K and risk assets broadly falling in a cascade.
The CLARITY Act has stalled in the Senate after a failed cloture vote on September 15, 2026, and the White House offered an alternative in October.
However, main on-chain technical metrics are fundamentally strong. Ali pointed to a potential local bottom forming on the daily charts.
Measured by the Tom DeMark Sequential, the ‘buy’ signs emerged around the current level of $1.31 – $1.32: Sequential 13, followed by a TD 9 and an Aggressive 13.
Market Leans On Bearish Side With $11.8M Liquidated
For this to manifest itself in near-term momentum, buyers would have to step in. Currently riding a $3 billion trading volume this Thursday, XRP’s bigger momentum relies on the selling side. Per CoinPaprika’s data, while CoinGlass portrayed a similar picture on Derivatives.
CoinGlass’ Futures data presents a bearish tone with the long-versus-short ratio dipping to 0.93, meaning that short-sellers are actively outnumbering the bulls, otherwise known as bettors on the upward move in trading. Bulls took in $11.88M out of $12.56M in liquidations.
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