[Digital Today Seung-a Yoo, intern reporter] XRP, Bitcoin and Ether are testing key support levels as declines in the cryptocurrency market persist. XRP recently fell to $1.16. An analysis said it could slide to $0.99 if additional selling continues.

The Crypto Basic reported on Nov. 7 that cryptocurrency analyst Ali Martinez said all three assets could fall further if buying fails to defend major support levels.

XRP is moving within a long-term parallel channel that has explained most of its price action in 2026. The top of the channel is $1.61, the mid support level is $1.29 and the bottom is $0.99. XRP rose to as high as $2.41 in January before turning lower. It posted five straight weekly declines from early January to early February. In the week ending Feb. 8, it fell below $1.61.

It then found support near $1.29 for about four months. It broke below that level as selling intensified in June. The decline continued into mid-August, when it hit $0.98. XRP then rebounded, regained $1.29 and rose to as high as $1.69, but it slid back below $1.61. In the week ending Oct. 25, it fell below $1.29 for the first time since the sharp drop in August. It recently fell to $1.16.

Martinez focused on the possibility that XRP could slide to the channel bottom near $0.99. The analysis said that if it fails to secure support at that level, it could drop below $1 for the first time since August.

Bitcoin is also showing weakness as it remains within a parallel channel on the three-day chart. Martinez highlighted the channel midpoint near $73,000. He said that if Bitcoin falls below that level and fails to recover, it could drop to the channel bottom at $60,000. A further decline in Bitcoin could increase selling pressure across the market and weigh on rebounds in major cryptocurrencies such as XRP.

Ether shows the clearest bearish signals on the chart among the three assets. It broke down from a right-angled ascending broadening pattern on the daily chart and also lost support at $2,385. Martinez said that if selling pressure persists, the next key downside target could be $1,963.

Whether the three assets can regain or defend major support levels has emerged as a factor that will determine whether they fall further.