XRP Defends $2.80 Support as Cost Distribution and Fibonacci Align

• Ali Martinez highlights $2.80 as XRP’s most crucial support, with 2B tokens held in the cost basis range.
• XRP defends $2.80 support since July, rebounding after every pullback as bulls keep the key level in play.
• Fibonacci retracement confirms $2.80 support, aligning with the 0.5 level on XRP’s daily technical chart.

Crypto analyst Ali Martinez has identified $2.80 as XRP’s most crucial support level. Using Glassnode’s cost basis distribution heatmap, Martinez highlighted that XRP’s cost basis range sat between $2.806 and $2.822 as of September 14, with 2.036 billion tokens held in that zone.

He stressed that the concentration of investor positions at this level makes $2.80 pivotal for XRP’s price development.

What Cost Distribution and Supply say about XRP at $2.80

The data shows heavy investor exposure around $2.80, underlining why this zone is critical. Since July 2025, XRP has consistently defended that level despite several market pullbacks. 

The lowest dip after reclaiming $2.80 came at $2.69, but buyers quickly pushed it back above support, reinforcing the market’s appetite to hold that floor.

Technical Indicator reveals crucial support for XRP at $2.80

Technically, reviewing the Fibonacci retracement from XRP’s late-June rally further validates $2.80 as support. On the daily chart, the level matches the 0.5 retracement zone, which traders often view as a key checkpoint for maintaining trend strength.

That technical alignment adds weight to Martinez’s call that $2.80 remains the line to watch. 

XRP Market Split: Buying Opportunity or Risk?

For many XRP traders, a move toward $2.80 is seen as a buying opportunity, given the strong bullish sentiment across the altcoin market. The region has become a go-to entry point for those betting on XRP’s next leg higher.

But not all are convinced. Some analysts caution that if XRP breaks decisively below $2.80, it could trigger further downside and intensify selling pressure.