XRP Price Near $2.75 Tests $2.77 Support, Aims for $3.70
XRP price held near $2.75 after trading between $2.70 and $2.83 in a tight range.
Analyst Ali Martinez warns that losing the $2.77 support level could trigger a drop to $2.40.
He also outlines that defending $2.70 and breaking the $2.90 resistance could fuel a rally toward $3.70.
The XRP price action shows buyers defending the lower bound and sellers capping gains above $2.80.
Traders are watching these critical levels for clues on the next move.
A clear break above $2.90 could shift momentum bullish. Conversely, a breach below $2.77 may amplify bearish pressure.
Neutral
Martinez outlines both risk and potential gains for XRP price, creating an even outlook.
He warns that breaking the $2.77 support level could drive the token down to $2.40, while holding $2.70 and clearing $2.90 resistance targets a rally to $3.70.
This dual scenario suggests that market direction hinges on upcoming price tests rather than a definite trend.
Similar patterns in past XRP movements saw strong rebounds after key support held, but also sharp falls when bears overwhelmed buyers.
Traders should watch volume and momentum indicators around these levels.
The balanced risk-reward profile and absence of a clear breakout path lead to a neutral market impact.