Crypto analyst Ali Martinez has shared a technical chart outlining a crucial price level for XRP in the current market structure. According to his analysis, XRP must maintain support at $2.74 to avoid further declines. He emphasized that if this level fails, the asset could face additional downside pressure with the next potential target around $2.35. The analysis was presented using a descending triangle formation, combined with Fibonacci retracement levels, to identify areas of support and resistance. $XRP must hold $2.74 support! Lose it, and $2.35 could be next. pic.twitter.com/J4HTyV9gWM — Ali (@ali_charts) September 3, 2025 Chart Overview and Price Levels The chart attached to Ali’s post, created on TradingView, presents XRP’s four-hour performance against Tether (USDT) on Binance. It highlights a consistent downtrend with lower highs converging into a narrowing formation. Several Fibonacci retracement and extension levels are drawn, illustrating the importance of $2.74 as a near-term support. The levels extend further downward, with projections suggesting that a breakdown below $2.74 could expose XRP to declines toward $2.68, $2.53, and eventually as low as $2.35. The $2.93 area was shown as a point of rejection in recent price action, while $3.00 and above remain significant resistance levels that XRP has struggled to overcome in recent months. Ali’s forecast outlines a scenario in which failure to sustain above the 0.786 Fibonacci retracement could accelerate bearish momentum, while a decisive hold above support might provide temporary stability. Community Responses The analysis drew comments from community members with differing perspectives on the situation. BlockVibe noted that the $2.74 mark appears to be a tipping point, suggesting that a loss of this level could quickly lead to more downside. In contrast, KingPinXRP expressed disagreement with the bearish outlook, arguing that the market should instead be preparing for an upward breakout . He pointed to past instances where XRP rejected resistance multiple times over the past seven to eight months, insisting that a push higher was due. These contrasting views illustrate how traders are interpreting the same chart differently, with some focusing on the immediate technical risks and others maintaining optimism for a reversal. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Implications for Traders Ali’s analysis provides a technical framework that highlights the importance of monitoring $2.74 as XRP’s short-term indicator of strength or weakness . A confirmed close below this level could validate his projection toward $2.35, while stability above it might allow for another attempt to retest resistance levels closer to $3.00. The shared chart outlines a clear bearish path if the downward trend continues. However, community responses underline that sentiment remains divided, with a segment of traders anticipating a breakout to the upside despite the pressure on support. XRP continues to trade within the descending triangle pattern, with market participants closely watching whether $2.74 will hold as the critical line between maintaining consolidation or entering another phase of decline. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst: XRP Must Hold This Support, If Not, This Price Could be Next appeared first on Times Tabloid .
