XRP (Ripple) has been drawing attention from traders as the $2.80 price zone continues to hold firm. Recent on-chain metrics suggest this level isn't just another number on the chart - it represents one of the most significant support areas for the asset and could determine where XRP heads next.
Strong Accumulation at $2.80
The chart data backs this up, showing heavy accumulation between $2.60 and $2.95, with the densest cluster right at $2.80. When you see this kind of concentrated buying activity, it usually means the level will be defended. If XRP can build on its current momentum and stay above this zone, we could see it push toward resistance areas around $3.10 and potentially $3.30. On the flip side, if selling pressure pushes XRP decisively below $2.80, it might trigger some profit-taking and send the price down toward $2.50, where the next meaningful support sits.
Market Context
XRP's technical setup is playing out against a backdrop of improving sentiment across the crypto market. Altcoins have seen increased capital inflows over the past few weeks, and XRP's ability to hold above $2.80 could reinforce confidence among longer-term holders. It also suggests that accumulation hasn't stopped - buyers are still active at these levels.
XRP Price News: $2.80 Holds as Critical Support
XRP (Ripple) has been drawing attention from traders as the $2.80 price zone continues to hold firm. Recent on-chain metrics suggest this level isn't just another number on the chart - it represents one of the most significant support areas for the asset and could determine where XRP heads next.
Strong Accumulation at $2.80
The chart data backs this up, showing heavy accumulation between $2.60 and $2.95, with the densest cluster right at $2.80. When you see this kind of concentrated buying activity, it usually means the level will be defended. If XRP can build on its current momentum and stay above this zone, we could see it push toward resistance areas around $3.10 and potentially $3.30. On the flip side, if selling pressure pushes XRP decisively below $2.80, it might trigger some profit-taking and send the price down toward $2.50, where the next meaningful support sits.
Market Context
XRP's technical setup is playing out against a backdrop of improving sentiment across the crypto market. Altcoins have seen increased capital inflows over the past few weeks, and XRP's ability to hold above $2.80 could reinforce confidence among longer-term holders. It also suggests that accumulation hasn't stopped - buyers are still active at these levels.