XRP's Support Level Revealed: Can It Hold Above $1.35?
A cryptocurrency trading expert has identified $1.35 as XRP's decisive support level following its recent rally and subsequent pullback. After falling from $1.70 to $1.35, a 20% correction that occurred over about three weeks, market analyst Ali Martinez notes that the level is crucial for the asset's near-term direction.
The correction was driven in part by profit-taking, with whales selling or redistributing roughly 90 million XRP over the past week, contributing to downward pressure on the cryptocurrency. At the same time, XRP network activity has slowed sharply, with daily active addresses declining by more than 90%, from 388,492 to 38,163.
Martinez's UTXO Realized Price Distribution data highlights $1.35 as one of the largest concentration zones of XRP holdings, which often act as major support because many investors acquired tokens near those prices and may defend their positions during declines.