Over the last week, XRP slipped below the psychological $3 support level as it lost about 7.02% of its price value. Since then, the altcoin has maintained a steady price consolidation around the $2.78-$2.79 region, without retesting the newly formed resistance level. Meanwhile, recent on-chain data has provided some cautionary market insights, highlighting a key support zone.
XRP Bulls Must Avoid Crash Below $2.73 – Here’s Why
In an X post on September 27, crypto analyst Ali Martinez revealed the existence of a price gap sitting between the $2.73 and $2.51 price levels. Central to Martinez’s revelation is the UTXO Realized Price Distribution (URPD) metric, which specifies how much XRP was last transacted at different price levels, but in relation to its all-time high.
As an extension of its primary function, the indicator quantifies trading activity across different price levels, therefore highlighting potential support and resistance zones. According to the ch
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