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Crypto Analyst Identifies Crucial Support for XRP at $2.81

2d ago
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Technical analysis of the XRP price chart shows a breakout from a 7-year triangle with a potential price target of $12.
  • Ali Martinez spotted $2.81 as a crucial price level for XRP.
  • Users accumulated 1.7 million XRP tokens at $2.81.
  • More XRP users accumulated another 1.04 million tokens at $3.2.

Renowned cryptocurrency analyst Ali Martinez has spotted $2.81 as a crucial price level for XRP. In his latest post on X, Martinez described the region as a “Key Support,” noting that users accumulated over 1.7 million XRP tokens at that price level.

$2.81 and $3.04 are crucial levels for XRP

Martinez used the cost basis distribution heatmap indicator to support his submission, revealing the tight range of massive XRP accumulation around the region that he had identified. However, the indicator also revealed another crucial region around $3.2. XRP users accumulated approximately 1.04 XRP tokens around that price.

Related Article: SEC vs Ripple: Agency Files Status Report to Confirm XRP Case Closure

Investing massively in XRP in the $2.81 and $3.2 regions supports the overwhelming bullish sentiment around the cryptocurrency…

The post Crypto Analyst Identifies Crucial Support for XRP at $2.81 appeared first on Coin Edition.

2d ago
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