XRP Teeters on the Edge: Could the Token Drop Below $1 as Key Support Crumbles?
XRP is sending alarming signals to investors as its newly established support level shows signs of giving way, raising serious concerns about a potential slide beneath the psychologically critical $1 price mark. The broader cryptocurrency market's heightened volatility is only adding fuel to the fire.
According to on-chain data highlighted by well-known crypto analyst Ali Martinez, XRP has recently developed a support zone around $1.06. This level emerged following the most recent market correction, with over 830 million XRP tokens having been accumulated at this price point by market participants. However, the strength of this support is now being called into question.
Martinez has identified multiple warning signs suggesting that XRP could be heading into deeper price territory. Beyond the $1.06 level, the analyst has mapped out a series of critical price zones that could come into play if selling pressure intensifies. Historical on-chain activity reveals that approximately 1.16 billion XRP tokens were previously transacted near the $0.62 price level — a data point that carries significant weight. Should the $1.06 support fail to hold, XRP could potentially slide toward $0.63 or even lower.
The key price levels flagged by Martinez for XRP are $1.06, $0.80, $0.62, and $0.51. These figures are not arbitrary — they represent zones where substantial trading volume was recorded in the past. Such areas tend to act as natural floors during price retracements, as they reflect entry points for a large number of market participants. When prices revisit these zones, increased buying interest often helps absorb selling pressure and can trigger demand-driven rebounds.
However, recent market action has not been encouraging for XRP bulls. The token has already retested the $1.01 price level — a mark not seen since November 2024 — indicating that the $1.06 support may have already been lost. If that is the case, the next meaningful support sits around $0.80, making a drop below the $1.00 threshold a realistic and near-term possibility.
This development comes at a turbulent time for the crypto market as a whole, with extreme price swings making it increasingly difficult for assets like XRP to maintain stability. Traders and long-term holders alike will be watching closely to see whether XRP can find firm footing or whether further downside lies ahead.
For now, the situation remains fluid, and investors would be wise to keep a close eye on the $1.00 level as a key psychological benchmark, as well as the technical support zones identified by on-chain analysis. A breakdown below $1.00 could trigger additional liquidations and accelerate the decline toward lower support targets.
