Article Summary
XRP hovered near $2.75 on Monday, down 2.38% over 24 hours, as traders weighed key support and resistance levels flagged by crypto analyst Ali Martinez. In a post on Aug. 31, Martinez stressed that XRP “must hold above $2.77” or risk falling toward $2.40. His chart illustrated a clear floor around $2.77 that had previously attracted buying interest. Breaking beneath that zone, he suggested, would take away the safety net and leave the token vulnerable to deeper losses. For non-technical readers, the message was straightforward: $2.77 represents the line where bulls need to show strength, and if they don’t, the next major level of support sits all the way down at $2.40. Chart marking XRP $2.77 support and $2.40 risk. [https://cdn.sanity.io/images/s3y3vcno/production/e0b2a03c24ffab5a17c7a6bced242bd94885a1f7-2352x1649.jpg?auto=format] In a post on Sept. 1, Martinez followed up with a more optimistic roadmap. His chart 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 turn momentum positive. If both conditions are met — holding the base and clearing the ceiling…
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