Key Level to Watch Next for XRP and Why It Matters

Finance

Key Level to Watch Next for XRP and Why It Matters

On-chain data from Glassnode highlights a crucial support level for XRP at $2.38, marking it as a pivotal zone for traders and investors in the coming days.

According to data shared by analyst Ali Martinez, XRP currently faces no significant resistance clusters ahead, giving the token a potentially clear path for upward momentum—provided it holds this key support.

The $2.38 level represents the largest concentration of previously transacted volume, making it a strong realized price distribution zone.

In other words, this is where a significant number of investors last moved their tokens, suggesting strong conviction and potential buying interest if prices dip to this area.

Why It Matters

• Psychological & technical anchor: The $2.38 support zone could act as a psychological anchor for the market, where buyers are likely to step in.
• No major resistance ahead: With no heavy resistance clusters on-chain above the current price, a break higher could trigger a strong rally.
• Market structure: Holding $2.38 would maintain XRPs bullish market structure and could serve as a launchpad for the next leg upward.

As XRP continues to trade in a critical range, all eyes are now on whether bulls can maintain support at $2.38 and push higher without facing heavy overhead supply.