XRP
Analyst Identifies Crucial Support Level for XRP Following Recent Pullback
Market analyst Ali Martinez points to the 1.35 dollar price level as pivotal support for XRP after large holder selling and falling user activity.
Market analyst Ali Martinez has pointed to $1.35 as a critical support threshold for XRP following a 20% correction from $1.70. On-chain realized price distribution data indicates that roughly 2.29 billion tokens were previously transacted around this level, making it a key area where buyers may attempt to defend positions.
The recent pullback was accompanied by whale distribution and declining on-chain engagement. Santiment data reveals that large holders sold or redistributed approximately 90 million XRP over the course of a week, while daily active addresses plunged more than 90%, dropping from 388,492 to 38,163.
According to Martinez, holding above $1.35 and moving beyond $1.38 could clear a path toward resistance levels at $1.60 and $1.68, where roughly 2 billion tokens previously changed hands in each area. Conversely, failing to hold the current support range could lead to further declines, though XRP remains above several long-term moving averages.
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