XRP hovered around $2.75 on Monday, down about 2.38% over 24 hours, as traders tracked critical support and resistance levels highlighted by crypto analyst Ali Martinez.
In an August 31 post, Martinez emphasized that XRP “must hold above $2.77” to avoid a potential drop toward $2.40, citing this zone as a key floor that had previously drawn buying interest. Falling below it, he warned, could expose the token to deeper losses.
On September 1, Martinez updated his outlook with a more bullish scenario. He identified $2.70 as crucial support and $2.90 as resistance that XRP must surpass to turn momentum positive. Meeting both conditions, he suggested, could pave the way for a rally toward $3.70.
CoinDesk’s 24-hour chart shows XRP reaching $2.8325 before sellers pushed it back down, while the low of $2.7034 demonstrated buyers defending the floor. The $2.70–$2.77 range is acting as a foundation, while the zone above $2.80 serves as resistance. Volume spikes during upward attempts reflect seller pressure capping gains.
XRP’s near-term direction depends on whether it can hold support long enough to build momentum for a potential breakout toward $3.70, with bulls and bears competing for control of these key levels.
