Prominent crypto analyst Ali Martinez has identified fresh bullish signals for XRP and Cardano (ADA), even as both assets face near-term technical pressure. In his latest market update, Martinez described the $1.31–$1.38 zone as a critical support range for XRP. On-chain data cited by the analyst shows that more than 4.8 billion XRP was previously accumulated at those prices, creating a potential defense line if selling continues.
Martinez also highlighted rising institutional demand for XRP exposure. According to his data, spot XRP ETFs in the United States accumulated over $105 million worth of XRP last week. Although that demand has not fully translated into price appreciation, it has supplied additional buying pressure during the pullback. From a shorter-term perspective, XRP may be forming a bullish flag pattern on the hourly chart. Martinez said a breakout above $1.38 could confirm the pattern and bring the $2 level back into focus, while investors should closely watch the $1.31–$1.38 support zone.
For Cardano, Martinez noted that the Tom DeMark Sequential indicator has generated a new buy signal on the daily chart. He said the tool has been reliable in spotting ADA’s local bottoms recently: it preceded gains of 44.5% after June 25, 11.5% after July 15, and 50.9% after August 18. The new signal suggests another recovery attempt may be developing, although the article stressed that this is not investment advice.
Separately, analyst ChartNerd warned that XRP could see a major move in September while it trades below the 50-week exponential moving average. XRP recovered from $0.98 and climbed toward $1.70, but sellers rejected the weekly breakout. With two consecutive weekly closes below the 50-week EMA, a confirmed breakdown under $1.36 could expose the 20-week EMA near $1.27, and losing that level might put the prior low near $0.98 back in view. Buyers need to reclaim $1.50 and hold above resistance to target $1.54, $1.65, and $1.82.
