XRP News Today: XRP Faces $2.38 Resistance With 4.33% of Total Tokens Held

XRP is currently facing a significant resistance level at $2.38, with over 2.75 billion tokens held at this price point. This makes $2.38 a crucial barrier for the cryptocurrency, as breaking above this level could trigger a major bullish move. According to Glassnode data, the $2.38 price level holds more realized value than any other zone on the chart, indicating that a large number of investors have purchased XRP at this price and are waiting for a breakout to either sell or buy more.

The UTXO Realized Price Distribution (URPD) chart, powered by Glassnode, shows that the $2.38 level is one of the largest accumulation zones for XRP. This zone holds more than 2.75 billion XRP, representing 4.33% of total tokens analyzed. The height of each bar in the chart indicates the number of tokens last moved at that price, and when the price returns to these zones, holders may react strongly, either selling or buying more, making it a critical price battleground.

The volume node at $2.38 stands out in the URPD chart, with over 2.75 billion XRP recorded in that range. This concentration suggests a significant number of wallets are holding XRP with $2.38 as their average realized price. In technical terms, this creates a resistance zone that the price must overcome to trigger further upside. Resistance zones formed by such clusters are often difficult to breach on the first attempt, as selling pressure increases near these levels. A breakout above the node usually attracts new momentum and buying interest, as the path above sees fewer holders with unrealized losses.

Data shows that the price has tested this area multiple times. However, closing candles remain below the $2.38 mark. The cluster’s density implies many holders are either waiting to exit breakeven or looking for price confirmation before re-entering. Either behavior could define XRP’s next trend. The overall realized price distribution shows notable bands also near $1.90, $1.25, and $0.61. But the $2.38 level remains the most active zone in terms of realized value density among all major levels plotted.

If XRP closes above $2.38, there is lower resistance ahead, which could lead to a fast bullish move. Market participants tracking XRP on Glassnode are closely watching price action at this level. If a daily close above $2.38 is confirmed, traders may expect a rapid move. There is reduced realized volume between $2.38 and $3.00, meaning there’s less historical resistance. The tweet from @ali_charts suggests the breakout “could trigger a major move.” This signals not just a technical shift but a sentiment change if $2.38 is breached. The realized price data supports this view by identifying zones where price discovery becomes easier.

As the data is partitioned around all-time highs, any move above $2.38 would signal regained strength after years of consolidation. The URPD tool provides a non-speculative, on-chain look at what levels matter most to holders. The pressing question for market participants is this: will XRP breach the $2.38 resistance and start a new bullish phase? The answer to this question will depend on whether XRP can overcome the significant resistance at $2.38 and attract new buying interest. If it does, XRP could be poised for a major bullish move.