Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP XRP prices have recently corrected sharply, and investors focus on key support levels.
After several weeks of sharp declines, XRP investors 'eyes have turned to key support levels. Cryptocurrency analyst Ali Martinez pointed out that XRP depreciated by about 20% in about three weeks, falling back from $1.70 to $1.35. Whale selling and a sharp decline in XRP online activity have exacerbated price pressures, making the $1.35 area a key support level for the start of a potential rebound.
XRP has depreciated by approximately 20% in three weeks
XRP has been significantly affected by selling pressure in the crypto market in recent weeks. According to data shared by Martinez, prices fell from $1.70 to $1.35 in about three weeks, a drop of about 20%. With this drastic adjustment, XRP has reached a price range that is technically considered important. According to analysts, whether or not to hold the US$1.35 level in the future will play an important role in determining the short-term trend of XRP.
XRP Internet activity plummeted 90%
The decline in prices was accompanied by a sharp contraction in XRP Internet activity. Data showed that the number of daily active addresses dropped from 388,492 to 38,163, indicating a drop in network activity by approximately 90.18%. Martinez believes that the significant decrease in active addresses suggests that investor engagement has weakened significantly during the XRP period of ongoing adjustment. A resurgence in online activity may be one of the important indicators of the strength of a potential price rebound.
It currently seems that XRP has found strong support around $1.35. Historically, approximately 2.29 billion XRPs have changed hands in this price range, further increasing the technical importance of this position.
Outlook
Cryptocurrency analyst Ali Martinez emphasized that holding the US$1.35 support level is crucial for XRP. His analysis pointed out: "If the support of US$1.35 is maintained and XRP returns to US$1.38, the price may first rebound to US$1.60 and then move towards US$1.68."
Under this scenario, US$1.38 will become the first important barrier for a short-term rebound, while US$1.60 and US$1.68 are areas worthy of attention as the upward trend continues.
Summary assessment
The 20% decline in XRP experienced in the past three weeks, the movement of approximately 90 million XRPs in whale accounts, and a decline in Internet activity of more than 90%, all show that market weakness has reached significant proportions. However, given that $1.35 was once a key support area for a large number of XRP trading changes, this makes this level important for a potential recovery. If XRP can stabilize above US$1.35 and recover US$1.38, the market focus will shift to US$1.60 and US$1.68 in turn.
