XRP has spent the past month grinding lower inside a descending channel, and the price is now testing a level that could define its next move.
Crypto analyst Ali Martinez (@alicharts) has identified the current price zone as a key inflection point, with a potential 13% move on the table if support holds.
The Channel Structure
Describing the current setup, the analyst said XRP looks ready to bounce. The 4-hour chart he shared to back this claim shows a clear descending channel stretching back through mid-October. The asset has respected both the upper and lower boundaries of this channel consistently, producing lower highs and lower lows throughout.
As of the most recent candles, XRP traded at $1.160, sitting directly at the channel’s lower boundary. Martinez noted that XRP “has reached the lower boundary of the descending channel that has defined its price action over the past month.”
XRP LOOKS READY TO BOUNCE$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, XRP could rebound toward the channel’s upper boundary at $1.30.
That would represent a potential 13% move… https://t.co/HTMbkwJNQJ pic.twitter.com/lUwUT1bQWq
— Ali Charts (@alicharts) November 8, 2026
The Level That Counts
The critical number is $1.14. Martinez identifies this as the support level that needs to hold for a recovery to develop. Failure to establish a bottom at this level would put the entire bullish setup in question. The price is currently close enough to that threshold that the next several candles carry significant technical weight.
What a Bounce Could Look Like
If $1.14 holds, Martinez sees XRP rebounding toward the upper boundary of the descending channel at $1.30. That move would represent approximately 13% from current levels. He stated that XRP *could rebound toward the channel’s upper boundary at $1.30,” contingent on support holding at $1.14.
The upper boundary has acted as resistance throughout the channel’s duration, capping every attempted rally since the breakout in late September. A move back to that level would not break the broader downtrend but would represent a meaningful recovery within the existing structure.
Reading the Chart
The 4-hour timeframe gives traders a mid-range view, capturing multi-day trends without the noise of shorter intervals. Throughout the channel, XRP has respected both boundaries, giving the structure credibility. Each time the price approached the upper boundary, sellers pushed it back. Each time it approached the lower boundary, buyers stepped in.
The current test of the lower boundary follows a sharp drop that brought XRP from above $1.30 down to $1.16 in a compressed period. The speed of that decline adds urgency to the $1.14 support level. Martinez summarized the setup clearly: “If $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30.”
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.
Follow us on X, Facebook, Telegram, and Google News
