- XRP trades at $2.82, close to the key $2.77 support level.
- Analyst Ali Martinez warns of a drop to $2.40 if support fails.
- Whales have accumulated 340 million XRP worth $928 million over the past two weeks.
XRP must hold above $2.77 to avoid a deeper retracement, according to market analyst Ali Martinez. He warned that losing this support could trigger a decline to $2.40, marking a potential 15% drop.
Meanwhile, XRP trades at $2.73, following a 3.7% decline in the past day. XRP has now been on a consistent decline in the past week and month, with over 9% loss in the period.
XRP Trades Below Critical Support at $2.77
The $2.77 price level has acted as a strong support point for XRP over the past month. The 4-hour chart data shows multiple tests of this zone, with each bounce becoming weaker. Repeated retests of support without significant rebounds often increase the probability of a breakdown.
Related: XRP’s Technical Setup Is the Strongest It’s Ever Been Top Analysts
Martinez stated that a failure to hold above $2.77 would likely trigger a decline of about 15%, sending XRP toward $2.40. Such a move would mark one of the steepest pullbacks for the token in recent weeks.
Resistance at $3 and $3.60
On the upside, XRP faces strong resistance at $3 and $3.20. These levels have capped rallies since early August, when the cryptocurrency failed to sustain momentum above $3.60. A sustained break above $3.20 would suggest renewed bullish strength and could open the way back to $3.40 and the range high of $3.70.
Until such a move occurs, the technical outlook remains cautious. Meanwhile, a minor bounce to $2.90 is possible in the near term based on the current setup.
XRP “Needs a Bounce Now”
Adding to the caution, crypto analyst Steph Is Crypto noted that XRP is testing a multi-month ascending trendline near $2.72. This trendline has acted as a springboard for major rallies over the past year, including a 479% surge in late 2024 and a 92% gain in mid-2025.
The analyst said XRP “needs a bounce now” to preserve its bullish structure. A breakdown below this support would mark a potential shift in momentum and expose the token to further downside.
Meanwhile, crypto analyst Egrag Crypto urged XRP holders to look beyond short-term volatility, saying recent declines are “just short-term noise unless we start breaking major structures.”
Related: XRP Price Prediction: Can Bulls Force a Breakout Above $3.00?
He projected a potential 10x rally, with XRP climbing from $2.70 to $27, and encouraged the community to remain steady as long-term bullish patterns remain intact.
One Factor to Support XRP Rebound
Notably, Martinez reported that whales have accumulated 340 million XRP, approximately $928.2 million at the current price, over the past two weeks. This move signals confidence in the asset’s rebound prospects.
Such large-scale buying is typically seen as a bullish indicator, suggesting that major holders expect future price appreciation.
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