Here Is Key Support Area Where About 1,704,745,581 XRP Could Stop the Downtrend
August 18, 2025
As downward pressure persists in the crypto market, a top analyst has highlighted the next crucial support area for XRP. Specifically, Ali Martinez highlighted a massive demand wall for XRP amid its continued price correction. The third-largest crypto asset by market cap has dropped below the $3 support after reclaiming it eleven days ago, as its struggles continue.
Next Key Support for XRP
Martinez identified that $2.81 is the next crucial support area for XRP if the downtrend persists. Why so? Because the cost basis distribution heatmap shows that a staggering 1.7 billion XRP were accumulated there.
XRP Cost Basis Distribution Heatmap
Nonetheless, should prices turn bullish, the chart also shows that a crucial resistance lies ahead. About 1,041,000,989 XRP exchanged hands at a cost basis range of $3.26 and $3.27, which could provide selling pressure for XRP if it reclaims the area.
XRP Must Reclaim This Level to Avoid Steeper Corrections
Meanwhile, to provide further context on the crucial XRP levels to watch, Martinez leveraged technical price analysis. In a parallel X post, he shared a chart that identified the level XRP must reclaim to avoid a drop to $2.60 or even $2. Specifically, he claimed that XRP could face a steeper decline if it does not reclaim the $3.30 price level. Notably, the area lies close to its January peak and has posed as a resistance for XRP in attempts on August 8 and 14 to reach higher prices.
If XRP fails to regain $3.30, Martinez suggested it could further retrace by 12.75% from its current price to the support at $2.60. There is also a risk of more downsides, specifically a 32.8% correction to $2.
XRP Trend Below $3.30 Resistance/Ali Martinez
Remarkably, this aligns with a price outlook from Michael van de Poppe, who also noted in a recent commentary that XRP needs to reclaim $3.40 or it crashes to $2.40.
XRP Could Still Rally to New All-Time High
Nonetheless, XRP bulls can still push XRP to a new all-time high of $3.90, Martinez earlier mentioned. He shared that XRP trades within a symmetrical triangle and needs to break above $3.26 to spur further upside.
XRP Symmetrical Triangle Trend/Ali Martinez
If it does, XRP could surge to a new all-time high of $3.90, setting the pace for greater heights. Meanwhile, some of the projected higher prices include a rally to $4.47 and $7.
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