Crypto prices have been declining, and one well-followed analyst has outlined exactly where things could go if sellers maintain control. Ali Martinez (@alicharts), posting across a five-part thread, broke down the technical setup for Bitcoin, Ethereum, and XRP.
Bitcoin Holds a Critical Level
The analyst noted that Bitcoin appears to be trading inside a channel on the three-day chart. He identified $73,000 as the mid-range key level. He stated that if Bitcoin “loses that support, the channel’s lower boundary around $60,000 becomes the next area I’m watching.”
The chart showed price action sitting just below $75,808, with $60,000 as the next visible line of defense. This would bring Bitcoin back to levels it has not seen since July.
IF THE MARKET KEEPS DUMPING…
HOW LOW COULD BITCOIN, ETHEREUM, AND XRP GO?
1/5 🧵👇
— Ali Charts (@alicharts) November 7, 2026
Ethereum Already Breaking Down
The analyst stated that Ethereum “is already showing a breakdown.” On the daily chart, he observed that ETH has fallen out of a right-angled ascending broadening pattern. He identified $2,385 as lost support.
He added that the pattern “points to a possible move toward $1,963 if selling continues.” The ETH chart showed the asset’s price near $2,227, with the $1,963 target marked below.
XRP’s Setup Takes Center Stage
Martinez turned his focus to XRP and noted that it is also trading inside a channel. He reported that XRP has recently broken below the mid-range support level within that channel. That breakdown shifted his attention to the lower boundary of the channel near $0.99.
Notably, ChartNerd (@ChartNerdTA), another prominent analyst, recently predicted that XRP could drop below $1 soon. Martinez described $0.99 as “the next potential support area for $XRP.” The three-day chart showed the price hovering near $1.10, just above the $1.19 mid-range level, with $0.99 clearly marked as the next level to watch below.
XRP has already lost its mid-range, while Bitcoin is still testing its key level and Ethereum is in the early stages of a breakdown. If XRP keeps dropping, $0.99 could become the bottom for this cycle if support holds.
What to Expect
The analyst closed the thread on a measured note. He acknowledged that “these aren’t guaranteed bottoms” and that “crypto can reverse quickly.” He said he is letting the prices show him whether buyers defend those areas before drawing further conclusions. It was a reminder that the levels he identified are areas to watch, not certainties.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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