XRP is getting more attention from traders as it approaches a price range that some analysts see as one of the best buying opportunities in almost ten years. After dropping about 8% in the past week, XRP is trading near $1.17, close to a long-term support level that has often led to major price changes in the past.
Crypto analyst Ali Martinez recently pointed out that XRP is nearing what he calls its strongest buying zone in eight years. Instead of seeing the recent drop as a sign of weakness, Martinez thinks this pullback is similar to past cycles that led to strong recoveries.
Investors are watching to see if XRP can hold its support level and repeat the patterns that have led to long upward moves before.
Why the $0.70-$0.90 Zone Matters
Martinez says the most important technical factor is a rising trendline that has shaped XRP’s price since 2017. In the past, when XRP has touched this trendline, it often marked big turning points and strong rallies.
The analyst sees the $0.70 to $0.90 range as the main support zone for this market cycle. If XRP holds above this area, it could boost optimism and set the stage for a move back toward earlier highs.
Key technical observations include:
- XRP currently trades near $1.17.
- Critical support lies between $0.70 and $0.90.
- The asset remains approximately 70% below its all-time high.
- Previous tests of the long-term trendline were followed by strong upward movements.
Martinez also said that if XRP breaks above its eight-year resistance trendline, it could open the door to much higher price targets between $8 and $13. But reaching these levels would need more market momentum and steady buying than we see right now.
Institutional Growth Supports Outlook
Besides technical analysis, new developments in the XRP ecosystem are drawing more investor interest. XRP Ledger validator Vet recently pointed out a new lending protocol that is going through formal verification, a security process often used in industries where reliability is crucial, like aviation, defense, and nuclear operations.
The initiative, referred to as “Fortress XRP,” aims to provide the level of security required for institutional-grade financial applications. Advances in artificial intelligence are also helping reduce the cost and complexity of formal verification, potentially accelerating adoption.
At the same time, the bigger market picture is changing. Analysts note that there is over $1.2 billion in XRP-focused ETF assets, and ongoing talks about the CLARITY Act in the U.S. could also help drive future growth.
Even with these positive changes, XRP still has some challenges. The token dropped from about $1.33 in late May to around $1.15 in early June and is still trading below its 50-day and 200-day moving averages.
Right now, everyone is watching the $0.70-$0.90 support zone. If buyers can hold this area, XRP might be able to recover toward $3, which would be about a 156% gain from where it is now.