Crypto veteran Ali Martinez who often posts viral XRP charts to his 133k followers on X, just warned holders that price is ‘testing the waters’ below $2 as there is no strong support until $1.60.
For context, the XRP price is now trading around $2.29 after sideways movements between $2.20 and $2.40 for the past few days.
XRP at Critical Support: Analyst Warns of Potential 30% Drop
Looking at Martinez’s URPD chart, XRP is sitting at a crucial price point. The $2.28 level is important because many investors bought XRP at this price. Usually, people try to protect their investment by not selling below what they paid.
If the XRP price drops below $2.28, those investors might start selling to avoid bigger losses. This could create a snowball effect of selling pressure. The bigger concern is what happens if XRP falls below $2.00.
The chart shows very few people bought XRP between $2.00 and $1.63. This empty space, or “Air Gap,” means there’s not much buying support in this range. If XRP drops below $2.00, it could quickly fall all the way to $1.63 without much resistance.
$XRP testing the waters! Below $2, a gap with no significant support could pull it to $1.60. pic.twitter.com/m85sXJGVCr
— Ali (@ali_charts) March 18, 2025
At $1.63, there’s stronger support since about 1.8% of all XRP was purchased around this price. This means buyers would likely step in at this level.
For traders watching XRP, there are two possible scenarios. If XRP stays above $2.28, the price could stabilize and possibly move higher. But if XRP breaks below $2.28, we might see panic selling that pushes the price below $2.00, potentially leading to a quick drop to around $1.60-$1.63. This range presents 30% from the current levels.
Even though Ali’s analysis of XRP’s support levels makes sense, a 30% price drop to $1.60 would likely need more than just XRP weakness. Such a big fall would probably happen during broader crypto market crashes, like the ones we saw in February. XRP usually doesn’t drop that much on its own, but tends to follow the overall market during times of panic selling.
Read also: We Asked AI To Predict Possible Outcomes of Ripple (XRP) vs SEC Case
If Not XRP, What’s the Best Crypto to Buy Now?
During the bull run that ended in January, XRP was often outperformed by meme coins. The exception was November and December when XRP’s price jumped from $0.50 to $3.30.
Now, Solaxy is getting attention as a new option. It’s not just a meme coin but also has real utility. The SOLX token is currently in presale and has raised almost $27 million. Right now, it’s priced at just $0.001668.
For comparison, Solaxy is a layer-2 solution for Solana, similar to how Pepe Unchained works for Ethereum. Pepe Unchained saw its price increase 8x after launch in December, suggesting Solaxy might have similar potential. Also, a few big crypto influencers start to notice SOLX; for example ‘CryptoBoy’ who has 59k subscribers just called SOLX ‘best project to get 100x’ right now.
Solaxy helps solve Solana’s network congestion and scaling problems. It connects Solana and Ethereum, making it easier to transfer assets between the two networks while improving speed and security.
The system works by moving most transactions off Solana’s main chain onto its layer-2 network. This reduces congestion during busy times. Solaxy groups transactions together for processing, which helps lower costs and increase the number of transactions it can handle.
It includes tools that monitor the network in real-time to prevent bottlenecks. Despite being a layer-2 solution, Solaxy maintains strong security standards that have been verified through audits. All in all, SOLX token looks temping, especially at discounted presale price right now.
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