TL;DR
- A preferred cryptocurrency analyst with over 150,000 followers on X has outlined arguably an important assist degree for XRP’s present bull market construction.
- The asset stays above it for now, whereas substantial whale accumulations trace at one other potential value pump.
$2.81 is the important thing assist for $XRP, the place 1.70 million tokens had been amassed. pic.twitter.com/oYYMcEHeFP
— Ali (@ali_charts) August 16, 2025
The assist line in query is situated round $2.81. Martinez stated 1.70 million tokens had been bought at these ranges, that are valued at effectively over $5 billion at immediately’s costs.
Such sizable accumulation zones usually function important assist or resistance strains, as buyers are likely to panic if their positions change from being within the water to an unrealized loss after a very long time and vice versa.
XRP examined that assist originally of the month. On the time, your entire cryptocurrency market was in a free-fall state resulting from Donald Trump’s newest actions on the commerce battle entrance, in addition to the motion of a few US nuclear submarines.
Nevertheless, the bulls managed to defend it, and Ripple’s native token bounced confidently above it and hasn’t appeared again since. Simply the other, it challenged the $3.30 resistance, which, for now, has been too robust to breach.
However, whales appear bullish on XRP’s future value actions as they hold accumulating the token. After final week’s $1 billion value of XRP purchase, they purchased one other 120 million cash only a few days later.
In the meantime, Martinez outlined $3.26 as a key resistance degree for the asset’s future trajectory. If damaged, it might bounce to a brand new all-time excessive of $3.90, he added.
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