XRP is trading around $2.75 as of Monday, noting a decline of 2.38% over the past 24 hours, with significant day highs and lows of $2.8325 and $2.7034, respectively.

• Analyst Ali Martinez has pointed out that to avoid a drop to $2.40, XRP must maintain above $2.77. Additionally, holding above $2.70 and surpassing $2.90 could lead to a price surge towards $3.70.

Martinez emphasized the importance of the $2.77 threshold, suggesting that if the token fails to stay above this point, it risks losing critical support.

XRP Trading XRP near $2.75 after swings within the $2.70 to $2.80 range.

Earlier in a post on August 31, he highlighted that breaking the $2.77 support would impede XRP’s performance, leading to possible declines. His follow-up on September 1 presented a slightly more optimistic view, suggesting that defending the $2.70 support and pushing through $2.90 could trigger a rally towards $3.70.

Martinez Analysis Martinez on August 31: Keep above $2.77 to prevent a downturn towards $2.40.

As traders assess these metrics, XRP’s behavior remains tight within the supported ranges, marking an ongoing tussle between buyers and sellers. It is critical that XRP stays above the identified support levels for potential future gains.