XRP Support At $1.77 Holds Key to Price Direction Toward $2.50 Mark

TLDR

• XRP gained over 4% in 24 hours and trades near the $2 resistance level.
• On-chain data shows strong support at $1.77 with limited liquidity below.
• A break below $1.77 could push XRP toward the next support zone at $0.79.
• Sustained momentum may drive XRP upward to retest the $2.50 resistance level.

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XRP has shown a strong rebound over the past few days, gaining over 4% in 24 hours and trading near the $2 mark. While short-term momentum appears positive, on-chain data suggests the rally may face resistance if demand weakens. Analysts highlight critical price levels that could determine whether XRP continues upward or corrects sharply. The next movement will likely depend on investor behavior and liquidity conditions of the coming days.

$1.77 Identified as Crucial Support Level for XRP Price

According to blockchain data shared by analyst Ali Martinez, a significant amount of XRP was last moved around the $1.77 level. This zone now acts as a key support level. Investors holding positions from this range may play a role in resisting downward pressure during potential pullbacks.

The data from Glassnode also reveals a thin liquidity zone just below $1.77. This lack of trading activity could lead to increased volatility if XRP fails to stay above this level. If the price drops below $1.77, the next significant support is near $0.79. This area previously saw more accumulation and may serve as a stronger price floor.

Bullish Momentum Persists, But Traders Monitor Resistance Levels

XRP continues to show signs of strength in the short term. Market optimism has supported its rise, and the price now hovers close to the psychological barrier of $2. Trading activity remains high, indicating that investor interest has not weakened.

Despite these positive signs, analysts remain cautious. If the rally weakens and price momentum slows, traders may begin to exit positions. This could lead to increased selling pressure, especially if the $1.77 support level is broken. Sustained buying volume will be needed for XRP to move toward the next key level of $2.50.

Price Outlook Depends on Momentum and Investor Confidence

The future direction of XRP may depend on whether it can maintain support and build further gains. If confidence remains high and the broader crypto market continues to recover, XRP could retest higher resistance level. However, a drop in sentiment could expose the token to a sharper correction.

While XRP currently trades in a bullish range, long-term sustainability remains uncertain. The presence of low liquidity zones increases the risk of fast price swings. Investors and traders will likely monitor short-term trends closely to determine entry and exit points.

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