XRP finds itself at a critical juncture as September begins, with price action testing crucial support levels that could shape its short-term trajectory. According to top analyst Ali Martinez, the token’s next moves will depend heavily on how it performs around the $2.70 support zone. If XRP can defend this level and reclaim $2.90, it may pave the way for a powerful bullish rally targeting $3.70.
Why $2.70 Is a Line in the Sand
The $2.70 zone has become the focal point for traders. Historically, this level has served as a springboard for rebounds, and holding it could prevent XRP from slipping into deeper declines. Martinez noted that defending this line would be the first step in a potential bullish reversal. If the price holds above $2.70 with increasing volume, investor confidence could return quickly, pushing XRP toward higher resistance levels.
On the flip side, a decisive break below $2.70 would put XRP back into bearish territory, increasing the likelihood of retests near $2.50 or even lower. That’s why this level is now seen as a “make-or-break” point for the asset.
Related article: XRP Battles Channel Resistance: Can Bulls Break Free Above $3?
Breaking $2.90: The Gateway to Momentum
Beyond simply holding support, XRP must prove its strength by breaking through the $2.90 level. This price point sits along the descending trendline resistance that has capped XRP’s rallies for several weeks. Martinez emphasizes that $2.90 is the “gateway” level. Once bulls manage to reclaim it, the bearish structure that has dominated XRP’s chart throughout August would finally crack.
A move past $2.90 would not only shift market sentiment but also trap short sellers, forcing them to exit positions. This could amplify upward momentum and accelerate XRP’s climb toward higher Fibonacci retracement levels.
Martinez’s Targeting $3.70: The Roadmap Ahead
Ali Martinez projects that if XRP clears $2.90, the path to $3.70 becomes realistic. The roadmap laid out on his chart shows potential checkpoints at $3.10 and $3.30, before ultimately reaching $3.70. This target represents roughly a 34% upside from current levels, offering traders and investors a clear incentive to watch for confirmation of the breakout.
The chart highlights XRP’s stair-step recovery path, suggesting that momentum may build gradually before culminating in a sharper surge. This mirrors past XRP rallies, where consolidations have often preceded rapid price expansions.
Martinez’s chart displays a descending triangle pattern, with XRP pressing against the lower boundary near $2.70. The dotted projection shows a breakout scenario where the token stages a measured rally through each resistance cluster.
From a technical perspective, the Fibonacci retracement levels align with the $3.10 and $3.30 checkpoints, reinforcing the importance of breaking through resistance gradually rather than expecting an immediate jump to $3.70.
Meanwhile, RSI and volume metrics will play key roles in validating any bullish move. Rising RSI values coupled with strong buying volume would confirm that momentum is shifting in favour of the bulls.
Market Implications
The broader crypto market has entered September with cautious optimism, and XRP is no exception. While its recent downtrend has weighed on sentiment, Martinez’s analysis injects a sense of optimism for traders willing to closely watch key levels.
If XRP defends $2.70 and reclaims $2.90, it could reestablish itself as one of the stronger altcoins to watch in the coming weeks. Conversely, failure to hold support would leave the token vulnerable to extended declines, frustrating bullish expectations.
Conclusion
XRP’s current position highlights the delicate balance between bullish hopes and bearish risks. Ali Martinez’s roadmap is simple yet powerful: defend $2.70, reclaim $2.90, and aim for $3.70. Traders and investors alike should keep a close eye on these levels, as they may define XRP’s performance not just for this week, but for much of September.XRP.
