What to Know
- Ali Martinez identified a bearish XRP triangle breakdown toward $1.14.
- XRP ETF inflows remained positive despite continued market weakness.
- Historical June performance suggests additional downside risks for XRP.
Crypto analyst Ali Martinez has outlined a bearish roadmap for XRP after the cryptocurrency lost a major support level that traders had defended throughout May. In his latest market analysis, Martinez stated that XRP’s breakdown below $1.30 confirmed a bearish technical structure, placing the next significant support zone near $1.14 as selling pressure continues to dominate price action.
The recent move has altered market expectations that had previously favored a recovery scenario. Instead, XRP has entered June facing renewed downside risks, with technical indicators suggesting that buyers may need to overcome additional hurdles before the asset can establish a sustainable rebound.
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XRP Breakdown Signals Growing Bearish Momentum
According to Martinez, XRP completed a bearish breakout from a symmetrical triangle pattern that had been developing on the daily chart for several months. The lower boundary of that formation sat near $1.30, making it one of the most important support levels for traders monitoring the token’s consolidation phase.
Once sellers pushed XRP below that zone, the price dropped toward $1.26 and confirmed the breakdown. As a result, attention has shifted toward the next support region around $1.14, which now represents a key level that could determine whether the decline extends further during the coming weeks.
Beyond the daily chart, broader technical indicators continue to suggest weakness. Monthly Bollinger Bands indicate that XRP remains vulnerable to additional downside movement, with the lower band positioned below the $1 mark. While that does not guarantee a move under $1, it highlights the extent of the risk if bearish momentum continues building throughout June.
ETF Inflows Fail to Offset Market Weakness
Despite the deteriorating technical picture, institutional investors have continued allocating capital to XRP-related investment products. Data from SoSoValue shows that spot XRP ETFs recorded net inflows of $131.94 million during May, reflecting sustained interest from investors seeking exposure to the asset.
Additionally, the first days of June brought another $4.13 million in net inflows. However, those figures have not translated into stronger market performance, as broader liquidity conditions and continued selling pressure have outweighed the impact of institutional demand.
Historical performance data also presents another challenge for bullish traders. June has consistently ranked among XRP’s weakest months, with average returns showing losses of more than 5% and median declines exceeding 8% in previous years.
XRP’s loss of the $1.30 support level has strengthened the bearish case outlined by Ali Martinez, with $1.14 emerging as the next major downside target. Although ETF inflows remain positive, technical indicators and seasonal trends continue to suggest that sellers maintain the upper hand as the month progresses.
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