Cameron Scrubs, a top trader and founder of Tradeship University, has branded the $2.70 level the most important for XRP over the past three months.
He noted in his Sunday tweet that reclaiming the crucial price mark would be essential for a subsequent bullish development for XRP. The pundit called the anticipated move “phenomenal,” insisting it would see XRP teleport back to $3.
XRP and the $2.70 Support
Notably, XRP experienced a sharp fall on Friday, as it plummeted from around $2.80 to a low of $1.37. The downside saw it lose multiple support areas at a go, including the $2.70 demand zone.
While prices have recovered across the board, XRP currently trends below the support area. Notably, XRP has found support around the area multiple times over the last three months, reestablishing the importance of the zone.
XRP bounced considerably after a sharp drop to $2.72 on August 3. It rebounded on September 1 after dropping to $2.70 and again on 22 and 26 of the same month, when it fell to the support level.
Scrubs noted that this establishes the price area as the most important support for XRP over the last three months. Furthermore, he highlighted that if XRP reclaims it, this would set the path for a rebound to above $3.10 as seen in previous instances.
XRP trades at $2.62 at the time of writing, bringing it closer to the support level. The token needs to increase by a mere 3% to reclaim $2.70, which, according to the analysis, opens the door for more upside.
XRP Reclaims Level of Interest
Meanwhile, BLOCK BULL highlighted a bullish development on the XRP chart following positive recovery signs. He spotlighted an XRP recovery to close above the key “level of interest” on the weekly chart.
This all-important weekly close saw it trade above an ascending support trendline. An accompanying chart shows that the support has been in place since December 2024, with each retest resulting in a strong rebound.
Following the close, the analyst predicted that higher prices would ensue. His chart suggests a possible rally to the swing high of $3.65, close to July’s peak price of $3.66. From the current price of $2.62, this represents a 39% price jump.
Remarkably, analysts have continued to speculate on the possibility of XRP reclaiming the $3.66 high. Millionaire trader Gordon shared a similar claim, noting that the move would be “fast and aggressive.”