- XRP faces selling pressure after rejection at the $2.64 resistance zone.
- Analyst Ali Martinez warns of a potential drop toward $2 support.
- Weak momentum and lower highs signal continued bearish outlook for XRP.
XRP’s short-lived rally appears to have hit a wall, leaving traders cautious about what comes next. After testing higher levels, the token quickly lost steam and slipped back below key resistance. Market signals now hint at a possible correction ahead, with analysts warning that selling pressure could deepen. One veteran market watcher, Ali Martinez, believes XRP may soon revisit lower support zones unless buying interest returns in force.
Rejection at $2.64 Sparks Fresh Selling
Ripple’s token recently tested the $2.64 level before facing strong rejection. Sellers quickly stepped in, pushing prices down by 8% to around $2.42. The rejection came from a well-established supply zone, which previously blocked attempts at upward movement. Martinez noted that XRP could decline further if the bearish momentum remains dominant.XRP’s current price action shows that traders are losing confidence in short-term gains. Recent candles have formed lower highs, signaling weak demand from buyers.
According to Ali Martinez, $2 now acts as a critical downside target, sitting close to the lower boundary of XRP’s trading channel. A slide to $2 would represent a 17% correction from current levels. Although the token bounced sharply from $1.37 earlier this month, momentum has started to fade. Traders now watch this level closely, aware that a breakdown could trigger heavier losses.
URPD Metrics Reveal Key Supply and Demand Zones
Martinez based his analysis on UTXO Realized Price Distribution (URPD) data, which shows where large volumes of XRP changed hands. The figures highlight two vital areas — $2.80 as resistance and $2.10 as support. Roughly 2.58 billion XRP, or nearly 4% of total supply, exchanged hands at $2.80. This heavy trading volume creates a barrier that has stopped rallies before. Unless momentum strengthens, XRP could struggle to move past this zone.
On the other hand, about 1.64 billion XRP, or 2.56% of circulating supply, traded near $2.10. That level could attract buyers looking for discounted entries, potentially cushioning further downside moves. From $2.42, a drop to $2.10 would mean a decline of around 13%. Despite recent rebounds, the market’s structure still leans bearish. Lower highs continue to appear, reflecting the cautious tone among traders.
Analysts believe XRP must reclaim $2.80 to restore bullish sentiment and encourage fresh inflows. For now, uncertainty lingers as traders weigh short-term risks against potential long-term opportunities. Martinez cautioned that the trend favors a retest of lower zones unless a strong breakout occurs. With momentum slipping and key resistance levels holding firm, XRP remains vulnerable to additional selling pressure.
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