With XRP still facing the possibility of falling back below $1, an analysis said the $0.90 range could be a meaningful buying zone for long-term investors.
The Crypto Basic, a blockchain media outlet, reported on June 8 that analyst Ali Martinez sees a drop below $1 as a favorable entry point for long-term investors.
Martinez said on X, formerly Twitter, that he is watching the $0.90 range for XRP. He believes a slide to that level could offer an attractive entry zone for long-term holders.
He said a long-term rising support trendline remains intact on a monthly chart. He said the trendline has held since XRP traded around $0.11, and argued that despite recent market weakness XRP remains within an upward structure. Martinez said that as long as this long-term support holds, XRP could move into another major expansion phase, and mentioned a bullish structure in which XRP could surge to double-digit levels.
A different view also emerged on the short-term trend. Market analyst RWA_Investor said XRP may have entered the early stage of a strong rise. Citing an Elliott wave-style chart, he forecast XRP could climb from a recent low around $1.08 to resistance near $2.00, then, after a correction, rise further to the $2.70 to $3.10 range.
RWA_Investor said a clear break above that range could signal that a macro bottom has already been formed. If XRP fails to reclaim that price band, he warned the current rebound may be only a technical bounce within a larger downward structure. In that case, XRP could retest the $0.75 to $1.00 range, and he said the move could mark the end of a macro wave 2 phase before a more sustained uptrend.
The two analyses differed on the short-term direction, but agreed on the importance of key price levels. Martinez interpreted a drop toward $0.90 as an accumulation opportunity within a long-term bullish framework, while RWA_Investor said whether buying pressure can push through $3.10 resistance will determine the next major move.
Both scenarios, however, assume XRP can hold or reclaim key levels. If it falls below $1 again, interest in the $0.90 buying zone could grow, but the possibility of a retest of $0.75 to $1.00 could also come into focus. If it reclaims resistance near $2 and attempts to enter the $3 range, the recent rebound could be seen as more than a simple technical bounce, leaving room for it to be interpreted as a medium-term trend shift.
Market sentiment is also a variable. XRP has recently been reacting sensitively to shifts in investors' risk appetite amid broader weakness in the cryptocurrency market. That suggests that in the short term, bitcoin's trend, overall market liquidity and whether XRP can defend its own key support levels will also need to be confirmed.
I’m watching $0.90 closely on $XRP. If price gets there, I think it could offer a compelling long-term buying opportunity. pic.twitter.com/KcYXI40Bcd