The on-chain data cited by analyst Ali Martínez shows that $2.80 has functioned as a dynamic containment level. Every time the price approaches that figure, accumulation patterns by large XRP holders are activated.
This behavior generates technical rebounds and a rotation of positions in the market, consolidating the area as a key reference.
The liquidity heatmaps confirm that this level concentrates buy orders and short position closures, becoming a strategic point for short-term operations. However, its function as a buffer suggests that it does not offer the same robustness as a consolidated support.
In the analyst's view, the real support zone is below $2.48, where on-chain data evidences deeper and sustained accumulation. Here, long-term holders typically reinforce their positions, creating a stronger base for the price.
“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,” noted Martínez on X.
If XRP loses this range, it could head towards lower levels such as $2.30 or even $2.20, following historical patterns. On the other hand, maintaining this zone would strengthen the rebound prospects, showing buyer control against selling pressure.
“XRP continues to retreat after the TD Sequential showed a sell signal on the 3-day chart. The next key support level to watch is $2.40!” the analyst previously noted.
In this context, XRP faces the challenge of maintaining these key zones, consolidating its price amid a market dynamic that continues to be marked by volatility and interest from institutional players.
“We need to close above $3.12 to negate this bearish momentum. Otherwise, we could see another wick that really shakes up novices and scares them once again,” stated analyst EGRAG CRYPTO.
In the past week, the price of XRP experienced a drop of nearly 9%, retreating from $3.32 to a local low of $2.75, as part of an intense institutional sell-off that doubled the average daily volume. However, it has shown signs of recovery and is currently trading at $2.90.
