XRP Nears Key $2.80 Support After Over 2 Billion Bought, May See Short-Term Rebound

• Over 2 billion XRP bought at $2.80 creates a $6B support zone

• Recent decline from $3.10 to $2.95 met concentrated buying near $2.80, signaling investor interest.

• The TD Sequential buy signal and a recent liquidation reset suggest a possible short-term bounce.

XRP $2.80 support identified as a $6B accumulation zone; read our quick, data-led analysis and next steps for traders. Act now to reassess positions.

XRP’s price nears a crucial $2.80 support, with over 2 billion tokens bought at this level, highlighting growing market tension and possible recovery.

• Over 2 billion XRP were purchased at $2.80, forming a major supply and support zone worth $6 billion.
• Recent declines from $3.10 to $2.95 met strong buying near $2.80, highlighting investor interest.
• The TD Sequential indicator and liquidation reset suggest room for a short-term recovery in XRP price.

XRP is trading near one of its most critical price points in recent history. Data from on-chain analytics provider Glassnode (mentioned as a plain-text source) shows more than 2 billion XRP tokens were acquired at the $2.80 mark. This cluster represents the largest accumulation zone on the current market, translating to nearly $6 billion in notional value. The significance of this level is both psychological and structural: a decisive break below could trigger broader selling, while a firm hold may anchor a short-term recovery.

What is XRP’s $2.80 support level and why does it matter?

XRP’s $2.80 support is a concentrated accumulation zone where large volumes were purchased, creating a price floor that currently absorbs selling pressure. If the level holds, it can enable a recovery to $3.05–$3.15; if it fails, expect a test of lower supports near $2.64.

How does heavy accumulation at $2.80 affect price action?

Heavy accumulation creates both supply and support: sellers face resistance to push price lower, and buyers gain conviction near their entry. The volume heatmap shows bright clusters around $2.80, indicating large order flow. This makes $2.80 a focal point for stop-loss placements and liquidity hunts, increasing short-term volatility when tested.

How do technical indicators signal a potential short-term reversal?

Short-term technicals point to a possible pause in the downtrend. The TD Sequential on the four-hour chart has produced a buy setup, often seen after extended declines. Recent liquidation data—over $16 million in positions closed in the last 24 hours, primarily long trades—suggests a short-term shakeout. Together, these signals increase the chance of a bounce toward $3.05 if $2.80 holds.

The coming days will decide XRP’s near-term direction. If $2.80 remains intact, traders may see renewed attempts to reclaim $3.05 and test minor resistance near $3.15. Conversely, a break and daily close below $2.80 could shift momentum toward $2.64, pressuring market sentiment and challenging recent bullish positioning.

When should traders consider adjusting positions around $2.80?

Traders should monitor intraday volume and closing price action: a daily close above $3.05 increases odds of a recovery, while a decisive break and retest under $2.80 suggests reducing long exposure. Use tight risk management and watch liquidation clusters for evidence of further stop hunts.

Frequently Asked Questions

What happens if XRP breaks below $2.80?

If XRP breaks below $2.80 with sustained volume, the next meaningful target is near $2.64; such a move would likely increase selling pressure and reduce short-term bullish conviction.

How likely is a short-term recovery to $3.05?

Given the TD Sequential buy signal and reduced long positions from recent liquidations, a short-term recovery to $3.05 is plausible if $2.80 holds and buying volume increases.

Key Takeaways

• Major accumulation zone: $2.80 holds >2 billion XRP (~$6B), creating crucial support.
• Technical cues: TD Sequential buy setup and liquidation reset favor a possible short bounce.
• Risk management: Monitor daily closes and volume; set stops and adjust position sizing around $2.80.

Conclusion

In summary, XRP’s $2.80 support is a pivotal level backed by substantial on-chain accumulation. Short-term indicators point to a possible recovery if the zone holds, but a breakdown would likely invite further downside. Traders should prioritize data-led decisions and disciplined risk management as price action unfolds.