Expert sets key XRP price levels to watch
XRP is approaching a critical technical juncture after entering a 20% correction from its recent local high, with on-chain data identifying several key support and resistance levels that could shape its next move. According to market analyst Ali Martinez in an August 29 X post, XRP rallied 71.8% from $0.988 to $1.698 before pulling back and testing a major demand zone between $1.35 and $1.38. Martinez noted that Glassnode’s UTXO Realized Price Distribution (URPD) data shows approximately 3.2 billion XRP were previously traded within this range, making it one of the asset’s most significant support areas. The concentration of trading activity around this level suggests many holders accumulated XRP in the zone, potentially creating strong buying interest if the cryptocurrency remains above it. The URPD data also highlights several major resistance levels above the current price. The first notable barrier sits at $1.60, where roughly 1.99 billion XRP were t...