As the price of XRP experiences notable volatility around the $2.20 mark, technical indicators suggest that a move above this level could trigger a significant rally.
To this end, cryptocurrency trading expert Ali Martinez has identified the $2.38 mark as the key barrier preventing XRP from a major breakout, according to a July 4 post on X.
Martinez arrived at this target by analyzing XRP’s UTXO Realized Price Distribution (URPD) chart, which shows $2.38 as the highest concentration of previously transacted XRP, representing over 2.75 billion tokens, or 4.33% of the total supply.
XRP URPD chart. Source: Glassnode
The URPD metric, which tracks the price levels where tokens were last moved, indicates strong resistance at $2.38, as many holders may look to sell or break even at that point.
However, the analyst believes a decisive break above $2.38 could “trigger a major move” by clearing both psychological and technical resistance levels.
Such a breakout would invalid
We współpracy z: https://finbold.com/xrp-to-trigger-a-major-move-if-this-level-is-breached/
