XRP Price Steady Near $2.75 While Analyst Charts Risk at $2.40 and Potential at $3.70

XRP traded around $2.75 on Monday, down 2.38% over 24 hours, as traders watched key support and resistance levels identified by crypto analyst Ali Martinez.

On August 31, Martinez noted that XRP “must hold above $2.77” to avoid a potential drop toward $2.40, pointing to the zone as a critical floor that had previously attracted buying interest. Breaching this level, he warned, could leave the token vulnerable to deeper losses.

In a September 1 update, Martinez outlined a bullish path: holding support near $2.70 and breaking resistance around $2.90 could open the door for a potential rally toward $3.70. His stepwise framework suggests first defending the lower zone, then overcoming resistance, and finally aiming for a larger breakout.

CoinDesk’s 24-hour chart reflects this dynamic in real time. XRP reached $2.8325 during the day before sellers pushed it lower, while a low of $2.7034 showed buyers defending the floor. The $2.70–$2.77 range is acting as a foundation, with the zone above $2.80 serving as resistance. Volume spikes during upward attempts highlight persistent seller pressure.

XRP’s near-term direction will depend on whether it can maintain support long enough to gather momentum for a push toward $3.70, with bulls and bears vying for control of the key levels.