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A cryptocurrency analyst has pointed to the $0.90 XRP level as a key support area in the asset’s monthly chart. The analysis centers on an ascending triangle that has shaped XRP’s long-term price action for years. The pattern uses a flat upper trendline and a rising lower trendline. As the price moves inside the structure, the range narrows and points toward an eventual breakout.
Ali Martinez shared the chart on X and said he is watching $0.90 closely on XRP. He added that the level could offer a long-term buying opportunity if the price reaches it. The chart also shows that XRP retested triangle resistance last year and faced rejection. Since then, the asset has fallen closer to the lower boundary.
Martinez also pointed to Ethereum on the weekly timeframe. In that setup, ETH trades inside a parallel channel with two matching trendlines. The chart shows Ethereum has already moved about 75% of the way down the channel. The next important level sits near $1,096, which matches the bottom trendline.
The move places the asset near a key technical zone. Martinez’s chart presents that level as the next area traders are watching on the weekly view. At the same time, the broader market continues to react to technical patterns across major assets. XRP and Ethereum both remain inside longer-term structures that guide near-term price attention.
Across Asia, regulators continue to tighten stablecoin rules. Japan, Singapore, and Hong Kong now enforce licensing, reserve backing, and redemption standards for digital tokens. The region wants stablecoins to act more like regulated financial instruments. That policy shift aims to reduce risk and improve payment efficiency.
Meanwhile, the Ripple ecosystem keeps showing steady activity. The network processes 1.83 million daily transactions and holds 7.3 million addresses. Stablecoin value on XRPL has also climbed above $760 million. Active addresses have stayed near 35,000, which points to consistent network use.
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Brinc and Ripple are also funding startups in Hong Kong that build payment and settlement tools on XRPL. The effort shows growing interest in regulated blockchain infrastructure. Japan is moving in the same direction. On June 1, a ruling party panel urged the government to expand yen-based stablecoin use for Asian settlement.
The proposal also called for a legal framework for crypto ETFs. It comes as dollar stablecoins dominate cross-border liquidity and local alternatives face pressure. Japanese banks are testing joint stablecoin issuance. In addition, JPYC already circulates yen-pegged tokens in limited use within a cash-heavy economy.
XRP is approaching a key $0.90 support zone as its monthly ascending triangle tightens, while Ethereum continues lower inside a weekly channel. At the same time, Asia is strengthening stablecoin rules, and Japan is pushing settlement and crypto ETF reforms.
