- XRP’s price is testing critical support at $2.15.
- A massive XRP transfer sparks intrigue, raising institutional interest.
- Expert predicts potential XRP surge toward $2.70 if support holds.
XRP’s price action has recently hit a crucial point, drawing attention from traders and analysts alike. According to Ali Martinez (@ali_charts), $2.15 is the key level to watch for the cryptocurrency. If XRP manages to stay above this price, a potential move toward the $2.40–$2.70 range becomes a real possibility.
The chart shows XRP’s price struggling to break past key resistance levels, particularly the $2.70 mark. This level has acted as a strong ceiling for the coin, with multiple failed attempts to surpass it in recent weeks. The current price action indicates that XRP has recently pulled back below the $2.30 level, making the $2.15 support critical for its next move.
For many traders, $2.15 has become the deciding factor for XRP’s next move. If the price holds above this line, expectations are high for a rebound toward higher resistance levels. $2.40 and $2.70 are the next targets if XRP maintains momentum above $2.15. However, if the price fails to hold this support, a further dip toward $2.10 could come into play.
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Large XRP Transfer Sparks Speculation
Meanwhile, a massive transfer of 78,290,827 XRP, worth approximately $175.7 million, has caught the attention of the cryptocurrency community. According to Whale Alert, the funds were moved between two unknown wallets, raising questions about the entities behind the transaction.
Interestingly, on-chain data reveals that the transfer was initiated by BitGo, a key player in the crypto custody space, with the destination wallet remaining anonymous.
Key Levels to Watch for Potential Breakout
As XRP sits near $2.23, traders are monitoring how it interacts with the key support at $2.15. A failure to hold above this level could indicate a bearish trend, pushing the price lower to test the $2.10 mark.
On the other hand, maintaining the support could open the door for further upward movement, with $2.40 and $2.70 emerging as potential targets. Given the volatile nature of the cryptocurrency market, traders are remaining cautious as XRP navigates this critical zone. If XRP succeeds in holding above $2.15, it could pave the way for a fresh rally.
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