XRP Defends $2.80 Support as Cost Distribution and Fibonacci Align
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- Ali Martinez highlights $2.80 as XRP’s most crucial support, with 2B tokens held in the cost basis range.
- XRP defends $2.80 support since July, rebounding after every pullback as bulls keep the key level in play.
- Fibonacci retracement confirms $2.80 support, aligning with the 0.5 level on XRP’s daily technical chart.
Crypto analyst Ali Martinez has identified $2.80 as XRP’s most crucial support level. Using Glassnode’s cost basis distribution heatmap, Martinez highlighted that XRP’s cost basis range sat between $2.806 and $2.822 as of September 14, with 2.036 billion tokens held in that zone.
He stressed that the concentration of investor positions at this level makes $2.80 pivotal for XRP’s price development.
What Cost Distributi…
Read The Full Article XRP Defends $2.80 Support as Cost Distribution and Fibonacci Align On Coin Edition.
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XRP Defends $2.80 Support as Cost Distribution and Fibonacci Align
Share:
- Ali Martinez highlights $2.80 as XRP’s most crucial support, with 2B tokens held in the cost basis range.
- XRP defends $2.80 support since July, rebounding after every pullback as bulls keep the key level in play.
- Fibonacci retracement confirms $2.80 support, aligning with the 0.5 level on XRP’s daily technical chart.
Crypto analyst Ali Martinez has identified $2.80 as XRP’s most crucial support level. Using Glassnode’s cost basis distribution heatmap, Martinez highlighted that XRP’s cost basis range sat between $2.806 and $2.822 as of September 14, with 2.036 billion tokens held in that zone.
He stressed that the concentration of investor positions at this level makes $2.80 pivotal for XRP’s price development.
What Cost Distributi…
Read The Full Article XRP Defends $2.80 Support as Cost Distribution and Fibonacci Align On Coin Edition.
Read More
XRP Price Prediction: XRP Rebounds 25% As Ripple Unveils DeFi Blueprint