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 XRP’s 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.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
