- XRP’s $2.81 support level reflects 1.70 million tokens accumulated, per @ali_charts’ heatmap analysis.
- Whale activity, with 2,743 wallets holding over 1 million XRP, could stabilize or disrupt this price floor.
- Lack of long-term studies on heatmaps advises caution amid a projected 35% rally.
The crypto community is buzzing about a significant XRP price support level at $2.81, spotlighted by crypto analyst @ali_charts on X.
The insight, backed by a Glassnode cost basis distribution heatmap, reveals 1.70 million XRP tokens accumulated at this price, suggesting a potential floor where whale activity could stabilize the market. This aligns with a July 2025 CoinTribune report highlighting 2,743 wallets holding over 1 million XRP each, underscoring the influence of large holders. However, is this a reliable signal or a fleeting mirage in the volatile crypto landscape?
The heatmap, a tool increasingly popular among traders, tracks cost basis shifts over time, offering a data-driven glimpse into accumulation zones. This particular cluster at $2.81 indicates strong buying interest, potentially preventing further price drops as seen in a recent dip from $2.9 to $2.2, where whale purchases stabilized the market. Yet, the lack of peer-reviewed long-term studies on such metrics, as noted in a 2025 Journal of Financial Economics analysis, suggests caution. Crypto’s decentralized nature lacks stabilizing institutions, amplifying whale-driven volatility over retail sentiment.
Looking ahead, CoinTelegraph’s August 2025 forecast of a 35% XRP rally hinges on this support holding, with potential ETF approvals and institutional inflows fueling optimism. However, the risk of premined token releases or regulatory shifts could undermine this level, as speculated by X users like @justfabscp. For investors, this $2.81 mark is a critical watchpoint—supporting a bullish case if maintained, but a break below could signal bearish pressure toward $2.2 or lower.
In the Web3 era, where on-chain data meets speculative trading, XRP’s fate may rest on these whale moves. Stay informed, diversify, and approach heatmap-driven narratives with a critical eye as the market evolves.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
