Analyst Points to Technical Indicator Signaling Potential XRP Rebound

Over the past month, XRP has drifted downward inside a descending channel, bringing its price to a critical juncture that may dictate its upcoming direction.

Crypto analyst Ali Martinez (@alicharts) has highlighted this price zone as an essential turning point, pointing to a possible 13% upward move if support manages to hold firm.

The Channel Structure

Highlighting the current setup, the analyst indicated that XRP appears primed for a bounce. A 4-hour chart shared to support this analysis reveals a distinct descending channel dating back to mid-October. The digital asset has reliably respected both the upper and lower limits of this pattern, creating a sequence of lower highs and lower lows along the way.

At the time of the latest candles, XRP was changing hands at $1.160, resting right on the lower edge of the channel. Martinez observed that XRP “has reached the lower boundary of the descending channel that has defined its price action over the past month.”

XRP LOOKS READY TO BOUNCE$XRP has reached the lower boundary of the descending channel that has defined its price action over the past month.

If $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30.

That would represent a potential 13% move… https://t.co/HTMbkwJNQJ pic.twitter.com/lUwUT1bQWq

— Ali Charts (@alicharts) November 8, 2026

The Level That Counts

The vital figure to watch is $1.14. Martinez points to this as the exact support threshold required for any recovery to take shape. Should the asset fail to find a floor at this mark, the entire bullish thesis will be called into question. Because the price is currently trading near this threshold, the upcoming candles hold immense technical significance.

What a Bounce Could Look Like

Provided that $1.14 remains intact, Martinez anticipates a potential recovery targeting the upper boundary of the descending channel at $1.30. Such a move would translate to a roughly 13% gain from current prices. He noted that XRP “could rebound toward the channel’s upper boundary at $1.30,” provided that support at $1.14 holds steady.

The upper limit has continuously served as a ceiling throughout the channel’s formation, thwarting every rally attempt since the late September breakout. Reaching that destination would not shatter the wider downtrend, but it would mark a substantial recovery within the established pattern.

Reading the Chart

The 4-hour chart offers traders a mid-range perspective, capturing multi-day trends while filtering out the friction of shorter timeframes. Throughout the channel’s lifespan, XRP has consistently honored both boundaries, lending weight to the technical structure. Sellers have routinely emerged near the top border, while buyers have stepped in near the bottom border.

This present test of the lower boundary comes on the heels of a steep correction that pulled XRP down from above $1.30 to $1.16 in a brief span. The rapid nature of that decline increases the importance of the $1.14 support line. Martinez encapsulated the situation concisely: “If $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30.”

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