Glassnode: 2.5 Billion XRP Stuck at $1.61 Forms Key Resistance
- —2.53 billion XRP cluster formed at $1.6073–1.6235 after the Sept. 25 spike
- —Holders of that supply are about 19% underwater at the current $1.30 price
- —A second cluster of 1.95 billion XRP sits at $1.8497–1.8683
- —No cluster above $0.98 holds more than 1 billion XRP; support sits at $1.2889–1.3019
Why it matters: The $1.61 level is the key test for XRP: without strong demand, profit-recovery selling from underwater holders will cap any rebound.
Source: The Crypto Basic