XRP Price Holds Firm Near $2.75 as Analyst Charts Course Between $2.40 Risk and $3.70 Upside Potential

XRP defies volatility, clinging to $2.75 as traders eye explosive moves.

Support and Resistance: The Battle Lines

Analysts map a narrow path between $2.40 downside risk and $3.70 upside targets—a razor-thin margin that separates panic from profit in these markets.

Market Mechanics: The Squeeze Play

Liquidity clusters at both extremes create a classic consolidation pattern. Break above $2.80 could trigger momentum plays targeting the $3.70 zone, while failure to hold $2.40 might see rapid unwinding.

Traders watch order book depth like hawks—because in crypto, 'technical analysis' often just means guessing which whale moves first.

Either we rocket toward $3.70 or crash to $2.40. There's no in-between in this game of digital asset musical chairs.

In a post on Sept. 1, Martinez followed up with a more optimistic roadmap.

His chart highlighted $2.70 as a crucial level to defend, a slightly lower support zone than before, and $2.90 as the barrier that XRP would need to break to turn momentum positive. If both conditions are met — holding the base and clearing the ceiling — his chart pointed to a potential rally toward $3.70.

In plain terms, Martinez laid out a step-by-step path: first avoid slipping lower, then push through resistance, and only then aim for a larger breakout.

CoinDesk’s 24-hour chart shows how this battle is playing out in real time. XRP reached as high as $2.8325 during the day before sellers pushed it back down, while the low of $2.7034 showed buyers stepping in to protect the lower end of the range.

That tug-of-war between bulls and bears fits neatly into Martinez’s framework. The $2.70–$2.77 area is being tested as a foundation, while the zone above $2.80 is acting as the ceiling. Trading volume spiked whenever XRP tried to break higher, reflecting resistance from sellers who are not yet willing to let the price climb further.

The price action underscores why Martinez’s levels matter: XRP is boxed in between the supports he identified and the resistance just overhead, leaving traders to watch whether buyers or sellers will seize control first.

For now, XRP’s direction hinges on whether it can stay anchored above its lower support zone long enough to gather the strength needed for a push toward $3.70.