Crypto market analyst Ali Martinez is warning that XRP’s latest pullback could extend, citing a cluster of bearish signals across price, on-chain, and behavioral metrics.
Why XRP Could Face A Deeper Correction
In an X thread posted early Wednesday, Martinez opened with: “XRP may be headed for a deeper correction. Here’s why!” and pointed to a Tom DeMark Sequential sell signal on the three-day chart “right at the local top,” which he said “trigger[ed] the ongoing pullback.” His remarks follow a weekend note flagging $2.40 as the “next key support level to watch” after that three-day TD sell signal.
Martinez expanded on market structure, arguing that while the $3.00 area has intermittently acted as support, historical accumulation patterns make $2.80 a temporary buffer, with “real support” beginning below $2.48—a zone he has mapped using on-chain positioning.
He reiterated on Aug. 3 that “past accumulation behavior points to $2.80 as a temporary
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