XRP's Fate Hinges on Key Support Level of $1.06

Crypto analyst Ali Martinez has identified $1.06 as the crucial level for XRP's short-term outlook.

According to Martinez, if XRP holds onto this price, it could target $1.35 and $1.64, areas that previously acted as resistance and volume clusters.

However, a decisive daily close below $1.06 would open the door to deeper support zones near $0.80 and potentially $0.62.

The current market backdrop has XRP consolidating in a tight range after a broader market pullback, with open interest declining and leveraged positions unwinding.