XRP analysts: US$1.35 is the key support level, and the short-term trend will be determined by this.
Crypto analyst Ali Martinez pointed out that after a sharp correction in recent weeks, XRP has hit key support areas. Among them, the level of $1.35 may become a key factor in determining short-term price movements.
According to data shared by Martinez, the value of XRP has shrunk by about 20% in the past three weeks, from $1.70 to $1.35. One reason for this correction was profit-taking behavior by large investors. Martinez said that in the past week, whale accounts have sold or transferred approximately 90 million XRPs to various addresses.
At the same time, activity on the XRP network also experienced a significant decline. The number of daily active addresses fell 90.18%, from 388,492 to 38,163. Martinez believes this shows that investor participation has dropped significantly during the market correction period.
Technical Signals and Future Outlook
Despite this, XRP seems to have found strong support around $1.35. Approximately 2.29 billion XRPs have been traded in this price range in the past, further increasing the technical importance of this level.
Martinez said that if the US$1.35 support level is maintained and XRP returns to US$1.38, the price is expected to rebound to US$1.60 first and then challenge US$1.68. According to the analyst, the key XRP level that investors should pay most attention to in the short term will be the support level of $1.35.
The above content does not constitute investment advice.

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