Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

2025-06-05

XRPL is confronted

2025-06-05

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04

    CEO Shakeup at Morph, Bitget’s Layer-2 project

    2025-06-04

    World launches at home Iris Scanning in Argentina

    2025-06-04
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02
  • Analysis

    XRPL is confronted

    2025-06-05

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05

    Bitcoin price slips again, which activates new fears for a deeper correction

    2025-06-05

    Circle has been set to exceed the IPO expectations after the overwhelming question of investors

    2025-06-04

    The largest grant debuts from Russia BlackRock’s Ishares Bitcoin Futures ETF for trade

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»XRP Fights Critical Support Level at $2.20 – Will It Target $2.70?
Analysis

XRP Fights Critical Support Level at $2.20 – Will It Target $2.70?

2024-12-22No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

XRP has been trade on a decline the past few days next to the wider one cryptocurrency market. However, despite this lull, XRP price has managed to maintain its critical support levels and is currently positioning itself for a possible recovery.

Related reading

Interestingly, technical analysis shows that the $2.20 mark is an important level to watch for XRP going forward. This was noted in an analysis by popular crypto analyst Ali Martinez, who highlighted that XRP’s next big move could depend on the outcome at this threshold.

Key levels to watch: $2.20 support and $2.70 resistance

The cryptocurrency market has experienced significant selling pressure since December 17 led by Bitcoin breaks below the support levelleading to remarkable price corrections for various cryptocurrencies. XRP in particular saw its price drop from $2.708 on December 17 to $1.98 on December 20. This represented a 27% increase in three days.

After reaching $1.98, the XRP price recovered and regained the $2 price level. As it stands, XRP is now trading around $2.2, although it is still down 7% in the weekly time frame.

XRP’s move around the $2.2 price level has caught the attention of crypto analyst Ali Martinez, who suggested two ways the cryptocurrency could go from here. According to Ali MartínezXRP’s ability to hold above the USD 2.20 support is crucial to its near-term bullish outlook.

XRP is currently trading at $2.27. Chart: TradingView

If this level remains intact, the token could enter a consolidation phase, but a new attempt at resistance at $2.70 remains in play. From here, strong bullish momentum above $2.7 could as well send the cryptocurrency above $3 for the first time in years. On the other hand, a break below $2.20 could lead to another rapid decline in the XRP price towards $1.96 before new buying interest emerges.

See also  Robinhood adds support for SOL, ADA, XRP and PEPE for US investors

Image From X: ali_charts

Whale Accumulation Rises Amid Crypto Market Correction

On a chain data from Santiment suggests that XRP has captured the attention of whales during this recent recession. Wallets holding between 1 million and 10 million XRP coins have accumulated an additional 80 million XRP since December 17, indicating strong confidence in the token’s long-term potential among whale addresses. This accumulation could provide a cushion against further declines below $2 and pave the way for an eventual recovery.

Related reading

Complementing the bullish outlook, the technical analysis of XRP price using Elliot impulse waves suggests that the recent crash below $2 could be the end of the second impulse wave, which is a corrective wave. With this in mind, bullish impulse wave 3 is expected to start soon.

At the time of writing, XRP is trading at $2.27.

Featured image from Tech Xplore, chart from TradingView

Source link

critical Fights level Support Target XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRPL is confronted

2025-06-05

Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

2025-06-05

Bitcoin price slips again, which activates new fears for a deeper correction

2025-06-05

Circle has been set to exceed the IPO expectations after the overwhelming question of investors

2025-06-04
Add A Comment

Comments are closed.

Top Posts

Can Cardano break the $0.47 resistance? What the 34% increase in ADA says

2024-07-15

Ripple’s Continued Struggle Keeps XRP in Fear Zone – Will XRP Price Recover?

2024-06-04

Amazon Shareholders Push for Bitcoin Treasury to Fight Inflation

2024-12-09
Editors Picks

As Bitcoin Rises, Whales Start Selling and That Means…

2024-08-14

SEC Delays Decision on Spot Ethereum (ETH) ETF Options for the Second Time

2024-11-10

CryptoQuant Analyst Reveals Signal Showing Bitcoin Is Still Very Bullish

2024-04-29

Why has crypto fallen today? Market sentiment plays a role

2024-08-30

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

XRPL is confronted

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,602.88-1.12%
  • ethereumEthereum(ETH)$2,591.45-1.82%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.20-2.75%
  • binancecoinBNB(BNB)$666.04-0.60%
  • solanaSolana(SOL)$151.90-3.21%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.188246-3.78%
  • tronTRON(TRX)$0.2725050.11%
  • cardanoCardano(ADA)$0.68-2.89%
  • hyperliquidHyperliquid(HYPE)$34.63-5.61%
  • suiSui(SUI)$3.14-2.72%
  • chainlinkChainlink(LINK)$13.67-4.67%
  • avalanche-2Avalanche(AVAX)$20.06-5.73%
  • unus-sed-leoUNUS SED LEO(LEO)$9.031.46%
  • stellarStellar(XLM)$0.265292-3.49%
  • the-open-networkToncoin(TON)$3.220.97%
  • bitcoin-cashBitcoin Cash(BCH)$397.77-2.94%
  • shiba-inuShiba Inu(SHIB)$0.000013-2.45%
  • hedera-hashgraphHedera(HBAR)$0.166241-3.50%
  • litecoinLitecoin(LTC)$87.30-3.93%
  • polkadotPolkadot(DOT)$4.00-3.96%
  • moneroMonero(XMR)$333.41-3.66%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.62-4.35%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.000012-6.83%
  • piPi(PI)$0.64-2.49%
  • aaveAave(AAVE)$260.84-4.20%
  • uniswapUniswap(UNI)$6.23-8.56%
  • bittensorBittensor(TAO)$369.74-6.39%
  • crypto-com-chainCronos(CRO)$0.101675-1.53%
  • okbOKB(OKB)$50.150.07%
  • aptosAptos(APT)$4.76-3.84%
  • nearNEAR Protocol(NEAR)$2.44-3.74%
  • internet-computerInternet Computer(ICP)$5.11-5.66%
  • ethereum-classicEthereum Classic(ETC)$17.11-3.14%
  • ondo-financeOndo(ONDO)$0.82-4.25%
  • gatechain-tokenGateToken(GT)$18.79-2.61%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.212917-2.15%
  • mantleMantle(MNT)$0.66-4.24%
  • kaspaKaspa(KAS)$0.083750-5.23%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.69-4.68%
  • vechainVeChain(VET)$0.023720-4.18%
  • render-tokenRender(RENDER)$3.75-5.57%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-3.26%
  • ethenaEthena(ENA)$0.308294-8.57%
  • worldcoin-wldWorldcoin(WLD)$1.11-5.44%
  • arbitrumArbitrum(ARB)$0.351497-3.27%
  • bitcoinBitcoin(BTC)$104,602.88-1.12%
  • ethereumEthereum(ETH)$2,591.45-1.82%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.20-2.75%
  • binancecoinBNB(BNB)$666.04-0.60%
  • solanaSolana(SOL)$151.90-3.21%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.188246-3.78%
  • tronTRON(TRX)$0.2725050.11%
  • cardanoCardano(ADA)$0.68-2.89%
  • hyperliquidHyperliquid(HYPE)$34.63-5.61%
  • suiSui(SUI)$3.14-2.72%
  • chainlinkChainlink(LINK)$13.67-4.67%
  • avalanche-2Avalanche(AVAX)$20.06-5.73%
  • unus-sed-leoUNUS SED LEO(LEO)$9.031.46%
  • stellarStellar(XLM)$0.265292-3.49%
  • the-open-networkToncoin(TON)$3.220.97%
  • bitcoin-cashBitcoin Cash(BCH)$397.77-2.94%
  • shiba-inuShiba Inu(SHIB)$0.000013-2.45%
  • hedera-hashgraphHedera(HBAR)$0.166241-3.50%
  • litecoinLitecoin(LTC)$87.30-3.93%
  • polkadotPolkadot(DOT)$4.00-3.96%
  • moneroMonero(XMR)$333.41-3.66%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.62-4.35%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.000012-6.83%
  • piPi(PI)$0.64-2.49%
  • aaveAave(AAVE)$260.84-4.20%
  • uniswapUniswap(UNI)$6.23-8.56%
  • bittensorBittensor(TAO)$369.74-6.39%
  • crypto-com-chainCronos(CRO)$0.101675-1.53%
  • okbOKB(OKB)$50.150.07%
  • aptosAptos(APT)$4.76-3.84%
  • nearNEAR Protocol(NEAR)$2.44-3.74%
  • internet-computerInternet Computer(ICP)$5.11-5.66%
  • ethereum-classicEthereum Classic(ETC)$17.11-3.14%
  • ondo-financeOndo(ONDO)$0.82-4.25%
  • gatechain-tokenGateToken(GT)$18.79-2.61%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.212917-2.15%
  • mantleMantle(MNT)$0.66-4.24%
  • kaspaKaspa(KAS)$0.083750-5.23%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.69-4.68%
  • vechainVeChain(VET)$0.023720-4.18%
  • render-tokenRender(RENDER)$3.75-5.57%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-3.26%
  • ethenaEthena(ENA)$0.308294-8.57%
  • worldcoin-wldWorldcoin(WLD)$1.11-5.44%
  • arbitrumArbitrum(ARB)$0.351497-3.27%