- Analyst Ali Martinez signals potential XRP drop toward $2.25 soon.
- Ripple unlocks one billion XRP, fueling market-wide speculation today.
- Traders eye $2.25 support as bearish momentum strengthens rapidly.
According to Ali Martinez, XRP could be on the verge of a significant pullback as bearish sentiment grows across the market. The digital asset, currently trading near $2.53, has shown clear signs of weakening momentum, suggesting that a decline toward the $2.25 mark might be imminent.
Recent price action indicates that XRP has been unable to sustain a break above the $2.57 resistance zone. Sellers quickly took advantage of the failed rally, pushing the token lower and reinforcing downward pressure. Martinez’s analysis points to $2.45 as a short-term support level, which, if broken, could pave the way for a deeper correction toward $2.25 in the near term.
Technical Setup Points Toward a Bearish Continuation
The latest chart shared by Martinez highlights XRP trading below its moving averages, reflecting diminishing bullish strength. This setup often precedes a potential continuation of bearish trends, especially after multiple failed attempts to climb higher. The chart also outlines a structure where XRP may briefly consolidate around $2.37 before extending losses.
Also Read: Black Swan Capitalist: Higher XRP Price Is Not Just Desirable, It is Necessary – Here’s Why
A sustained break below $2.45 could confirm the bearish outlook. The $2.25 support remains the key area to watch, as it has historically acted as a strong defense for buyers. However, without renewed buying interest, the path of least resistance appears to be downward, keeping traders on alert for further volatility.
Massive XRP Unlock by Ripple Adds to Market Speculation
According to Whale Alert, Ripple unlocked a total of 1,000,000,000 XRP within just one hour, sparking widespread attention across the crypto market. The massive release, worth more than $2.4 billion, occurred through three consecutive transactions.
This large-scale movement of tokens triggered speculation among traders and analysts alike. The timing of the unlock, amid growing market uncertainty, has only intensified the debate surrounding XRP’s short-term direction.
With the combination of technical weakness and Ripple’s substantial token release, market sentiment around XRP remains cautious. Traders are closely watching whether the $2.25 level can hold as support or if further declines will confirm Martinez’s bearish projection.
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