XRP's Critical Support Zone: Can $1.35 Hold the Line?

Crypto analyst Ali Martinez says XRP has reached a critical support zone after its recent sharp correction, with the $1.35 level being a key indicator of short-term price movement.

XRP has lost around 20% of its value in the last three weeks, falling from $1.70 to $1.35, with large investors reportedly taking profits by selling or distributing approximately 90 million XRP to different addresses in the last week.

The number of daily active addresses on the XRP network also decreased significantly during this period, dropping by 90.18% from 388,492 to 38,163.

However, Martinez notes that XRP has found strong support around $1.35, with approximately 2.29 billion XRP having changed hands in this price region in the past.