XRP hovered near $2.75 on Monday, down 2.38% over 24 hours, as traders weighed key support and resistance levels flagged by crypto analyst Ali Martinez.

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 previously attracted buying interest. Breaking beneath that zone, he suggested, would take away 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 major level of support sits all the way down at $2.40.

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

His chart highlighted $2.70 as a crucial l

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