Pay Close Attention to One Level in XRP: 'If It Recovers, It Will Recover from This Point'

Cryptoanalyst Ali Martinez stated that $XRP has reached a critical support zone after a sharp correction in recent weeks, and the $1.35 level could be decisive for the short-term price movement. According to data provided by Martinez, over the last three weeks, $XRP has lost approximately 20 percent of its value, falling from $1.70 to $1.35.

One reason for the decline in $XRP is cited as profit-taking by large investors. Martinez stated that over the last week, large players have sold or distributed about 90 million $XRP across various addresses.

Parallel to the price drop, there was also a significant decrease in network activity for $XRP. The number of daily active addresses decreased from 388,492 to 38,163, representing a decline of 90.18 percent. According to Martinez, this indicates a significant reduction in investor participation during the correction period.

However, $XRP appears to have found strong support around $1.35. The fact that approximately $2.29 billion worth of $XRP has been transacted within this price range in the past increases the technical significance of this level.

Martinez stated that if the $1.35 support level holds and $XRP rises back above $1.38, the price could first recover to $1.60 and then to $1.68. According to the analyst, the most important level to monitor for $XRP in the short term will be the $1.35 support level.

*This is not investment advice.