Analyst Spills: The XRP Level Everyone’s Muttering About (But Won’t Admit)
If you’ve ever wondered what cryptocurrency analysts actually do all day, picture a darkened room, glowing screens, and people shouting things like “resistance clusters” at incredulous houseplants. That said, Ali Martinez (whose natural habitat is X, formerly known as Twitter, but soon to be known as ‘That Site With The Big Blue Bird-ish Thing’), just lobbed a juicy bit of info at the unsuspecting XRP community.
Martinez didn’t just whisper sweet nothings to the market—he suggested XRP might get the green light to proceed upwards, pending market permission or at least a mildly favorable planetary alignment. Oh, and he pointed at a magical support level for traders, who are always on the lookout for sturdy metaphysical furniture.
In Which We Uncover the Mysterious XRP Support Zone 🔎
With the flourish of someone unveiling a new flavor of potato chip, Ali brightened the world with a Glassnode chart, full of UTXOs (which, in crypto-land, are basically the digital version of finding a £5 note in your old jeans). This chart, apparently, suggests XRP faces a near divine lack of resistance all the way up. That is, of course, provided that “buying pressure” continues, and the market doesn’t collectively decide, overnight, to pursue careers in alpaca farming instead.
On-chain data shows $XRP has no major resistance clusters ahead, while the key support zone to watch sits at $2.38.
— Ali (@ali_charts) May 13, 2025
Martinez’s grand pronouncement? Watch $2.38—should XRP slip downhill, this is the banana peel it won’t slide past. Traders tend to huddle here, comforted by the ghosts of UTXOs past, in a technically sound huddle of financial hopefulness. If the price wobbles, this is where those ever-optimistic buyers might leap out of the shrubbery.
The BlackRock & SEC Tea Party ☕🕵️♂️
Elsewhere, BlackRock (they of “enough assets to buy Luxembourg on a whim”) recently rang up the SEC, possibly to chat about world domination, but officially to discuss something called ‘crypto regulation’. Apparently, everyone kept a straight face. Between sips of regulatory chamomile, they tossed around ideas involving staking, ETFs, and (just for fun) the tokenization of traditional assets. All very serious… unless you’re a traditional asset, in which case you might want to start gathering your things just in case.
The SEC, which spends most of its meetings trying to decipher acronyms, released a memo detailing these very important topics. Spoiler: Bitcoin and Ethereum ETFs (IBIT and ETHA for those who collect these things) were name-dropped, along with BUIDL—the only fund with a name that sounds like a dwarf in a Discworld novel.
BlackRock meeting with the SEC set off a fresh round of frantic tea-leaf reading: Is an XRP ETF about to burst into existence? The answer, as usual, is something between “maybe,” “no,” “well, not exactly,” and “look over there, a distraction!” For now, BlackRock’s official line is that they’re sticking to Bitcoin and Ethereum ETFs. So, XRP fans, keep your speculative hats on standby, but don’t bet the house yet—or the stable.
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2025-05-13 18:24