XRP has entered a correction after a strong rally, with technical analysts focusing on a crucial demand zone that may define the asset’s next direction. Ali Martinez, a well-known crypto analyst, spotlighted this price area using insights from Glassnode’s UTXO Realized Price Distribution (URPD) metric, which maps where significant XRP trading volumes occurred.
URPD spotlight: Where holders are clustered
URPD, or UTXO Realized Price Distribution, provides a detailed view of coin volumes moved at various price levels. In XRP’s case, it highlights clusters where substantial numbers of tokens last changed hands. These pockets of high activity often create natural support if the price falls or resistance if the price moves upward.
According to Martinez, approximately 3.2 billion XRP were traded between $1.35 and $1.38. He emphasized that this zone stands out as a vital area of demand, which buyers could defend in response to new downward pressure.
Mini dictionary: UTXO Realized Price Distribution (URPD) maps the number of coins last moved at each price level, helping analysts identify support and resistance clusters based on historical buy and sell activity.
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The largest support level is where roughly 3.2 billion XRP changed hands between $1.35 and $1.38, marking a key area to watch as the price corrects.
Correction and price context
XRP’s price surged from $0.988 to $1.698, marking a rally of 71.8%. Following this climb, XRP entered a corrective phase, with the price retreating by about 20% from its recent highs. This retracement placed XRP into a historically significant demand region, as identified by the URPD metric.
The large trading volume within the $1.35 to $1.38 range suggests heightened investor interest, and this concentration may act as a buffer against further declines if buying demand holds firm.
| Price Level | XRP Volume Traded | Type |
|---|---|---|
| $1.35 – $1.38 | 3.2 billion | Support |
| $1.60 | 1.99 billion | Resistance |
| $1.68 | 1.98 billion | Resistance |
| $1.86 | 3.47 billion | Resistance |
| $2.19 | 3.12 billion | Resistance |
Upcoming resistance levels
The URPD data also reveals where sellers may step in if XRP’s price rebounds. The most significant resistance zone is at $1.86, where 3.47 billion XRP were traded. Additional clusters exist at $1.60 (1.99 billion XRP) and $1.68 (1.98 billion XRP), each representing potential hurdles if the price climbs.
Martinez indicated that if XRP reclaims $1.60 and $1.68, the way could be paved for a test of $1.86. Successfully clearing the $1.86 threshold might allow the price to target $2.19, where another major cluster of 3.12 billion XRP resides. Beyond this, $2.29 emerges as an additional area of interest for potential upward movement.
Martinez’s technical analysis suggests that “XRP must first reclaim $1.60, then $1.68, and then challenge $1.86, which could open a move to $2.19.”
XRP’s outlook and what comes next
The URPD analysis underscores how trading activity at certain price points can guide expectations for future support and resistance. With billions of XRP traded near current market levels, how buyers and sellers react here may set the stage for XRP’s next significant price trend.
As market participants watch the $1.35 to $1.38 range closely, analysts and traders remain attentive to the next resistance levels above, especially $1.60, $1.68, and $1.86. The ability of XRP to hold above the main support zone or break through resistance clusters will likely define its short-term trajectory.
