XRP Price Stays Around $2.75 Amid Key Support and Resistance Levels
XRP is currently at $2.75, down 2.38% over the last 24 hours. Key support and resistance levels highlighted by analyst Ali Martinez are under scrutiny:
- XRP must maintain above $2.77 to avoid a drop towards $2.40
- Breaking below $2.77 removes crucial buying interest, risking deeper losses
- Martinez indicates $2.70 as a new critical support level and $2.90 as a major resistance to overcome for positive momentum
- If both conditions are met, a potential rally to $3.70 is possible
Recent trading activity shows XRP reached a high of $2.8325 and a low of $2.7034, indicating active buyer support at lower levels. The price remains constrained between identified supports and overhead resistance, highlighting the ongoing struggle between buyers and sellers.
The ability of XRP to remain above its lower support zone will determine its potential movement toward $3.70.