XRP has successfully maintained its position above the crucial $2.80 support level, despite ongoing market volatility, as noted by analyst Ali Martinez. A breach of this level could lead to a market correction, while a sustained hold might trigger a bullish reversal. In related news, Cardano founder Charles Hoskinson has described XRP as a 'sleeping giant' in the decentralized finance (DeFi) sector. He emphasized that XRP's $100 billion valuation currently lacks yield-generating infrastructure. Hoskinson suggested that developing such infrastructure could enhance XRP's utility and drive greater adoption.