XRP charts show over 2.75B tokens last moved near $2.38 which makes that price a very strong resistance.
Glassnode data shows the $2.38 price level holds more realized value than any other zone on the chart.
If XRP closes above $2.38 then there is lower resistance ahead which could lead to a fast bullish move.
XRP is trading near a key resistance of $2.38 as new UTXO Realized Price Distribution (URPD) data signals a breakout setup. According to Glassnode data shared on July 4, 2025, by crypto analyst @ali_charts, a price move above $2.38 could spark major action. The tweet notes this resistance as crucial for triggering XRP’s next directional move.
https://twitter.com/ali_charts/status/1941202600340422876
The chart, powered by Glassnode, uses XRP's UTXO distribution data partitioned by all-time highs to plot significant buying clusters. One of the largest accumulation zones occurs exactly at the $2.38 level. This zone holds more than 2.75 billion XRP, representing 4.33% of total tokens analyzed.
Traders interpret this data to identify investor-held positions by historical cost basis. The height of each bar indicates the number of tokens last moved at that price. When price returns to these zones, holders may react strongly—either selling or buying more—making it a critical price battleground.
Large Volume Cluster Signals Barrier and Opportunity
The volume node at $2.38 stands out in the URPD chart, with over 2.75B 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 price must overcome to trigger further upside.
Resistance zones formed by such clusters are often difficult to breach on the first attempt. Price tends to slow near these levels as selling pressure increases. A breakout above the node usually attracts new momentum and buying interest, as the path above sees fewer holders with unrealized losses.
Data shows 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.
Could a Break Above $2.38 Trigger a Fresh XRP Surge?
The pressing question for market participants is this: will XRP breach the $2.38 resistance and start a new bullish phase?
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.
