The cryptocurrency market is closely watching Bitcoin and Ethereum as investors look for further confirmation that a broader bullish phase is beginning. Both leading cryptocurrencies have recently shown renewed strength, and many market participants are now waiting to see whether they can overcome their remaining major resistance levels.
As optimism surrounding the wider crypto market continues to build, attention is increasingly shifting toward altcoins. XRP is among the digital assets attracting renewed interest, with one market analyst identifying the $1.10 region as an important level to monitor in the coming price action.
XRP Faces an Important Technical Test
Altcoin investors have experienced considerable frustration during the previous market cycle. While Bitcoin reportedly climbed dramatically from around the $60,000 range toward $126,000, much of the altcoin market failed to produce similarly strong performances.
Only a limited number of tokens managed to establish new all-time highs, and many investors felt that the widely anticipated altcoin season never fully materialized. Market sentiment weakened further during the bear market that followed.
However, recent gains in Bitcoin and Ethereum have encouraged analysts to believe that the broader bear market may have ended. Some now argue that the cryptocurrency market could be entering the early stages of a new bullish cycle, although traders are still looking for stronger confirmation.
Bitcoin and Ethereum have both moved through several important resistance areas during their recent rallies. According to the technical outlook discussed by analysts, Bitcoin’s next significant barrier is located in the $82,000 to $84,000 range. A decisive move above that zone could strengthen the argument that a more substantial bull market is underway.
Ethereum is also being closely monitored, with analysts watching for a potential move above the $3,000 level.
Bullish Altcoin Expectations Continue to Grow
A sustained increase in Ethereum’s price could potentially provide additional momentum for the wider altcoin market. The total altcoin market capitalization chart is also approaching the completion of what some analysts interpret as a long-term bullish technical formation.
🚨 ripple:native $1.10 Is the Level I’m Watching Next! 🚨
XRP has now spent TWO WEEKS consolidating underneath the macro .618 resistance, and we’ve since broken below the .5 retracement…
Technically, that .5 break was the invalidation I was using for a clean W4 that could’ve… pic.twitter.com/rBYkqohorJ
— CasiTrades 🔥 (@CasiTrades) September 4, 2026
Several individual altcoins have begun attracting increased attention, including NEAR, FET, FIL, SUI, and XRP.
Among them, XRP has become a particular focus following its recent consolidation and technical developments.
According to the analyst’s chart, XRP spent approximately two weeks trading below a major macro 0.618 resistance level before eventually falling beneath the 0.5 retracement level.
The move below that support weakened a previously bullish wave structure that could have allowed XRP to move more directly toward the $1.77 region. As a result, the analyst believes that the straightforward bullish scenario is no longer the most likely outcome.
Why $1.10 Could Be XRP’s Next Major Level
The analyst now considers a decline toward the $1.10 area increasingly possible. This zone aligns with a subwave 2 region and could also represent another test of the broader macro 0.786 retracement level.
If XRP is genuinely attempting to establish a new long-term upward trend, this area could become an important battleground between buyers and sellers.
A successful defense of the $1.10 level could provide support for a potential macro trend reversal and allow XRP to resume its recovery. Under a more optimistic long-term scenario, market participants continue to discuss substantially higher targets, including the $5 and $10 regions.
However, failure to maintain support around $1.10 could increase the possibility of another decline. In that scenario, XRP could remain vulnerable to a move toward approximately $0.90.
For now, the $1.10 price region stands out as one of the most important levels for XRP traders to watch as the broader cryptocurrency market searches for confirmation of its next major trend.
