Ripple’s cross-border token may not be safe yet after a recent price crash, and further downside could occur with a potential drop toward or below $0.90.
However, crypto analyst Ali Martinez, writing for EGRAG CRYPTO, believes such a pullback could be a necessary setup for a major rally toward $3.00 and beyond.
XRP to $0.90 Before $3.00?
In his latest video on X, Martinez told his more than 165,000 followers that XRP has repeatedly bounced sharply whenever it touched a rising long-term trendline. He described that trendline as a “major turning point” that has historically sparked sizable recoveries. On a macro scale, the token has followed similar patterns over the years and previously surged back toward $3.00. That trendline now sits between roughly $0.70 and $0.90, which Martinez identifies as the next key support zone.
“If buyers defend this zone, a rally back to $3.00 becomes a realistic scenario,” Martinez noted.
Martinez was even more bullish on XRP’s long-term prospects if it can finally break past an eight-year resistance level that has repeatedly capped major breakout attempts. In that case, he set macro targets in the $8.00 to $13.00 range.
While those targets may seem ambitious given current market conditions — XRP hit a 19-month low just days ago — Martinez is not alone in mapping out this path. Other macro-focused analysts also see a possible decline toward $0.90 followed by an extended recovery toward $8.00 or even $13.00.
Large Holders Still Dominant
On a shorter-term, micro level, analyst CW examined recent spot trading activity and found that large holders — often called “whales” — remain the dominant force in XRP trading. According to CW, these large players have maintained their influence since mid-2022 and have been actively accumulating rather than pushing sizable sell orders during price advances.
CW highlighted that these whales typically lead during accumulation phases and tend to step back during uptrends. Their activity increased notably after last October, reflecting broader market dynamics and developments affecting Ripple’s token.
Big whales are still leading spot trading for $XRP.
They have maintained dominance since July 2022.
The periods in which they led trading were accumulation phases. They did not make significant orders during the uptrend phases.
And they have been leading spot trading very… pic.twitter.com/4adSfYIlmQ
— CW (@CW8900) June 9, 2026