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. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/key-level-to-watch-next-for-xrp-and-why-it-matters/