Glassnode Reveals Three Crucial XRP Levels for Traders

crypthub

2 days ago

Key XRP Levels Identified

Ali Martinez shared a Glassnode cost‑basis heatmap for XRP. The map highlights three critical price zones: $2.17 resistance and $1.96, $1.78 support. These zones represent where large amounts of tokens last changed hands on‑chain. Traders watch them as friction points in rallies and pullbacks.

Resistance at $2.17

The densest supply band sits near $2.17, marking a ceiling of recent token purchases. If price returns, holders who entered there may sell, adding pressure. Unless demand overwhelms this supply, $2.17 acts as a strong barrier. A decisive break above would indicate absorption of that supply.

Support Zones $1.96 and $1.78

Below the current $2.03 price, two accumulation clusters appear. $1.96 has repeatedly rebounded this year, suggesting buyers will defend it again. $1.78 reflects older, deeper accumulation and serves as a structural floor. Failure at $1.96 would shift focus to $1.78.

Implications for Near‑Term Action

A sharp rejection at $2.17 would likely push price back toward $1.96 for another test. Conversely, a clean breakout could open a path to $2.73 as the next short‑term target. On the downside, a strong bounce from $1.78 would confirm it as floor; a break would signal broader exits. The analysis is informational and not financial advice.