TL;DR
- A well-liked cryptocurrency analyst with over 150,000 followers on X has outlined arguably crucial 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 collected. pic.twitter.com/oYYMcEHeFP
— Ali (@ali_charts) August 16, 2025
The assist line in query is positioned round $2.81. Martinez stated 1.70 million tokens had been bought at these ranges, that are valued at effectively over $5 billion at as we speak’s costs.
Such sizable accumulation zones usually function important assist or resistance strains, as traders are inclined 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 at first of the month. On the time, all the cryptocurrency market was in a free-fall state as a result of 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 seemed again since. Simply the alternative, 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 just some days later.
In the meantime, Martinez outlined $3.26 as a key resistance degree for the asset’s future trajectory. If damaged, it may leap to a brand new all-time excessive of $3.90, he added.
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