XRP News: XRP Price Holds Near $2.75 as Analysts Eye $2.40 Risk, $3.70 Upside

Key Takeaways:XRP trades at $2.74, down 2.38% in the past 24 hours.Analyst Ali Martinez warns that losing $2.70–$2.77 support could trigger a drop toward $2.40.A breakout above $2.90 could pave the way for a rally to $3.70.XRP trades sideways between support and resistanceXRP hovered near $2.75 on Monday, as traders monitored crucial support and resistance zones. The token reached an intraday high of $2.8325 before sellers capped gains, while buyers stepped in at $2.7034, keeping price within a tight range, according to CoinDesk Data.The sideways action reflects a broader tug-of-war between bulls defending the $2.70–$2.77 zone and bears capping advances above $2.80.Analyst maps downside and upside targetsCrypto analyst Ali Martinez warned on Aug. 31 that losing $2.77 support could open the door to a correction toward $2.40. He described the level as a critical line where bulls need to show strength to prevent deeper losses.In a follow-up post on Sept. 1, Martinez updated his roadmap:Defend $2.70 as a base.Break $2.90 to flip momentum bullish.Target $3.70 if both conditions are met.“Roadmap: hold $2.70, break $2.90, target $3.70,” Martinez summarized.Market outlook: consolidation before next moveThe 24-hour trading chart shows how Martinez’s levels are playing out in real time, with buyers stepping in below $2.75 and heavy sell pressure above $2.80.Trading volume spiked during each attempt to break higher, signaling strong resistance from sellers not yet ready to allow further upside.For now, XRP remains boxed in between these levels. Whether bulls can keep the token anchored above its support zone long enough could determine if a breakout toward $3.70 materializes — or if bears drag it closer to $2.40 in the coming sessions, according to CoinDesk.