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.
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 buffer for XRP, but real support begins below $2.48,” adding that the most consequential level on his dashboard remains $2.40. Independent coverage of his analysis echoed those thresholds, framing $2.80 as a light cushion with heavier demand pockets sub-$2.50.
While “death cross” language is more commonly associated with moving-average pairs, Martinez uses the term here to describe a momentum break in MVRV curves.
The TD Sequential—a Tom DeMark-designed exhaustion model often used to anticipate trend reversals—has been central to Martinez’s view since late July, when he tracked a three-day “sell” print near the top of the latest rally leg. He has since framed the path of least resistance as lower unless the market can establish sustained closes back above the high-volume node near $3.00–$3.20, while on-chain profiles continue to privilege $2.48–$2.40 as the area of “real” demand. As he put it on Aug. 3: “The next key support level to watch is $2.40!”
At press time, XRP traded at $2.93.
