Attention, my crypto people! 🚀 If you have XRP in your sights, get ready because things just got interesting. A top analyst dropped the info on what the true "point of no return" is for the price of this crypto. Ready to understand the move? Let's go!
Look, the well-known analyst Ali Martinez, who knows a lot about this, got us all thinking. He says that although $2.80 acts as a "buffer" or temporary cushion for XRP, the true support is below $2.48! It's like $2.80 is a tightrope, but the real safe floor is a bit lower.
And why is this so key? Because these numbers are not just made up; they come from on-chain data, which is like the DNA of transactions. It shows how big holders (those who have a lot of XRP) are moving. Historically, when they start accumulating, it's a signal that the price could rebound! They are the ones who lead the market.
The $2.80 area has been a seesaw. Every time the price gets close, the big players buy eagerly, generating rebounds. Liquidity heatmaps confirm that there are a lot of buy orders and short sell closures there. It's a hot spot for quick trades, but, as the expert says, it's not a support level that holds everything.
The true "support" and where long-term holders really take their chances is below $2.48. That's where a stronger and more sustained accumulation can be seen, creating a solid base for the price. It's like the rock on which everything rests!
Martinez was clear on X (formerly Twitter): "On-chain data shows that past accumulation behavior points to $2.80 as a temporary buffer for $XRP, but real support starts below $2.48." Clearer than water!
So, what happens if XRP loses that support of $2.48? We could see it drop to $2.30 or even $2.20, according to historical patterns. Whoa! But if it holds that area, the prospects of a rebound strengthen. It's like a tug of war between buyers and sellers.
Another analyst, EGRAG CRYPTO, chimed in and said: "We need to close above $3.12 to nullify this bearish momentum. Otherwise, we could see another spike that really shakes up the newcomers and scares them once again." Imagine that! No one wants the newbies to get scared and run away.
In the last week, the price of XRP dropped nearly 9%, from $3.32 to $2.75. This was due to a strong institutional sale that doubled the average daily volume. But be careful, it's already recovering a bit and is currently around $2.90.
So, the challenge for XRP is to maintain those key areas, consolidate its price, and continue navigating in a market that is always full of surprises and volatility. The question is: Can XRP withstand the pressure and use these support points to propel itself? Only time will tell, but we already have the coordinates to stay alert!$XRP
