The XRP hovered near $ 2.75 Monday, down 2.38% over 24 hours as dealers weigh key support and resistance levels marked by crypto analyst Ali Martinez.
In a post on August 31, Martinez emphasized that XRP “has to hold over $ 2.77” or risk falling against $ 2.40.
His diagram illustrated a clear floor around $ 2.77 that had previously attracted to buy interest. When he broke under this zone, he suggested, would remove the safety net and leave the token vulnerable to deeper loss.
For non-technical readers, the message was straightforward: $ 2.77 represents the line where bulls need to show strength and if they do not, the next main level of support is down to $ 2.40.
In a post on September 1, Martinez followed up with a more optimistic roadmap.
His diagram highlighted $ 2.70 as a crucial level to defend, a slightly lower support zone than before, and $ 2.90 as the barrier that XRP would need to break to flip momentum positively. If both conditions are met – holding the base and clearing the ceiling – pointed his chart to a potential rally against $ 3.70.
In general, Martinez laid a step-by-step path: Avoid sliding lower, then pushing through resistance and only then aiming for a larger outbreak.
Coindesk’s 24-hour diagram shows how this match plays out in real time. The XRP reached as high as $ 2,8325 during the day before sellers pushed it back, while the low $ 2,7034 showed buyers stepped in to protect the lower end of the range.
This traction between bulls and carrier fits nicely into Martinez’s frame. The range $ 2.70- $ 2.77 is tested as a foundation while the zone over $ 2.80 acts as the ceiling. Trade volume spiked every time XRP tried to break higher, reflecting resistance from sellers who are not yet willing to climb the price.
Price acting emphasizes why Martinez’s levels matter: XRP is boxed between the supports he identified and the resistance just above the head, which lets dealers see if buyers or sellers will first seize control.
Currently, the XRP’s direction is hanging on whether it can remain anchored over its lower support zone long enough to assemble the strength needed for a push against $ 3.70.
