TL;DR
- A preferred cryptocurrency analyst with over 150,000 followers on X has outlined arguably an important assist stage for XRP’s present bull market construction.
- The asset stays above it for now, whereas substantial whale accumulations trace at one other doable worth pump.
$2.81 is the important thing assist for $XRP, the place 1.70 million tokens have been amassed. pic.twitter.com/oYYMcEHeFP
— Ali (@ali_charts) August 16, 2025
The assist line in query is situated round $2.81. Martinez mentioned 1.70 million tokens have been bought at these ranges, that are valued at effectively over $5 billion at right now’s costs.
Such sizable accumulation zones sometimes function important assist or resistance strains, as traders 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 firstly 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 warfare 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 regarded again since. Simply the other, it challenged the $3.30 resistance, which, for now, has been too sturdy to breach.
However, whales appear bullish on XRP’s future worth actions as they hold accumulating the token. After final week’s $1 billion price of XRP buy, they purchased one other 120 million cash only a few days later.
In the meantime, Martinez outlined $3.26 as a key resistance stage for the asset’s future trajectory. If damaged, it may bounce to a brand new all-time excessive of $3.90, he added.
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