“XRP Trades AROUND $ 2.75 After InTrady Swings, With Martinez Warning of A $ 2.40 Downside Risk If Support Fails and Outling A Bullish Path Town $ 3.70.”, – WRITE: www.coindesk.com
In a post on aug. 31, Martinez Stressed that Xrp “Must Hold Above $ 2.77” or Risk Falling Toward $ 2.40.
His chart illustrated a Clear Floor AROUND $ 2.77 that had previoously attracted buying interest. Breaking Beneath that Zone, He Suggested, Willd Take The Safety Net and Leave the Token Vulnerable to Deeper Losses.
For Non-Technical Readers, The Message Was Straightforward: $ 2.77 RepreSents the Line Where Bulls Need to Show Strength, and IF They Don’t, The Next Majoer Level of Suport.
Martinez, Aug. 31: HOLD $ 2.77 to Avoid $ 2.40 Risk. (Ali Martinez/X)
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 Wuld be Need to Break Ton. If Both Conditions Are Met – Holding the Base and Plearing the Celing – His Chart Pointed to A Potential Rally Town $ 3.70.
Martinez, Sept. 1: Defend $ 2.70, Clear $ 2.90, AIM $ 3.70. (Ali Martiez/X)
In Plain Terms, Martinez Laid Out A Step-by-Stop Path: First Avoid Slipping Lower, THEN PUSH THROUGH REASISTANCE, 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 Durying 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 Celling. Trading Volume Spiked Whenever Xrp Tried to Break Higher, Reflection Resistance from Selers 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. FIRST.
For now, Xrp’s Direction Hinges on Wheth IT Stay Anchored Above Its Lower Support Zone Long Enough To Gater The Strength Needed For a Push Town $ 3.70.
Gold-Backed Tokens Xaut and Paxg Have Surged to Fresh Highs in Market Capitalization as the Metal Trades Near ITS April Peak.
- The Market Size of Tokenized Gold Reached A Fresh Record of $ 2.57 Billion, Led By Tether’s XAut and Paxos’ Paxg, Coingcko Data Shows.
- The Growth Has Been Driven by a $ 437 Million Xaut Token Minting in August, While Paxg Attracked $ 141.5 Million Inflows Since June, Defillama Shows.
- Gold’s Price Nears April High, With Safe Haven Demand Driving Inflows Into Gold-Backed Tokens
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