- Ali Martinez identifies $1.13 as XRP’s key breakout resistance.
- Glassnode data shows active XRP addresses at yearly lows.
- Holding above $1 remains essential as traders watch for renewed momentum.
XRP price analysis is back in the spotlight after crypto analyst Ali Martinez identified $1.13 as the key resistance level to watch. At the time of writing, XRP trades near $1.09, down 0.63% over the past 24 hours. Martinez believes a decisive move above $1.13 could confirm a bullish breakout, even as on-chain activity and trading volume remain subdued.
Earlier this month, the analyst also pointed to a TD Sequential buy signal on XRP’s monthly chart while noting that the asset continues to consolidate inside a symmetrical triangle on lower timeframes.
Ali Martinez Highlights Why $1.13 Matters for XRP
According to Ali Martinez, clearing the $1.13 level would strengthen the current technical structure and could open the door to higher prices. XRP remains inside a longer-term descending channel, making this resistance an important hurdle before any sustained recovery.
If buyers regain control, the next technical targets sit near $1.64 and $2.03, based on Fibonacci retracement levels. However, failure to overcome resistance could keep XRP trading within its existing range.
Glassnode Data Shows XRP Network Activity Weakening
While the chart setup has attracted attention, on-chain data remains mixed. Glassnode reports that active XRP addresses have fallen to around 20,000, the lowest level in nearly a year. The decline suggests reduced user engagement across the XRP Ledger.
Trading volume has also softened, while the Chaikin Money Flow (CMF) remains at -0.13, signaling that capital outflows continue to exceed inflows. These indicators show that buying interest has yet to fully recover.
For now, the psychological $1 support remains the most important level on the downside. A sustained move above $1.13, combined with stronger trading volume and improving network activity, would reinforce the bullish scenario outlined by Ali Martinez.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
