$2.81 serves as a strong support level with 1.70 million XRP tokens accumulated.
Resistance is seen at $3.22, where 1.08 million XRP tokens cluster.
XRP trades at $3.12 today, up 0.12% in 24 hours but down 2.34% weekly.
XRP is as of writing, at a price of $3.12 with a very modest up-and-down reversal of 0.12 percent in the last 24-hour period. Nonetheless, the token has remained stagnant in the last week down 2.34%, trading within a tight range between key support and resistance lines.
$2.81 Support Anchored by Large Accumulation
A recent analysis by Ali (@ali_charts) revealed that $2.81 is a key support level for XRP. At this price, nearly 1.70 million tokens were accumulated, forming a robust base of investor positioning. This large cluster often provides stability as holders resist selling below their entry points.
https://twitter.com/ali_charts/status/1956867067329585276
The XRP Cost Basis Distribution Heatmap, used in the analysis, reflects where supply concentrations exist. Brighter colors on the heatmap signal stronger accumulation zones. $2.81 stands out as the most heavily defended price in the current structure. Traders regard such levels as essential to maintaining momentum.
If XRP retests this zone, the expectation is for renewed buying interest. Historically, accumulation areas strengthen a coin’s resilience, and in this case, $2.81 serves as a defensive threshold. Investors will closely watch whether XRP continues respecting this foundation during periods of volatility.
$3.22 Resistance Restrains Upside Movement
While support remains clear, resistance is also present. The analysis notes that between $3.20 and $3.22, nearly 1.08 million tokens were accumulated. This clustering now acts as an obstacle as sellers seek exits near breakeven.
The black price line on the chart shows that XRP has approached this resistance more than once. Each time, the presence of overhead supply has capped advances. Such behavior often stalls rallies, leading to temporary consolidations.
Breaking above $3.22 with sustained volume would be necessary to extend gains. Until then, XRP trades within a tight range, with both sides testing their conviction. The narrow distance between support and resistance forms a battleground for momentum.
Market Activity Reflects Investor Psychology
The heatmap chart also provides insight into investor psychology. Buyers clustered around $2.81 are reluctant to sell at a loss, creating a protective layer. On the other hand, those positioned near $3.22 aim to exit at breakeven, exerting downward pressure.
XRP’s recent trading pattern confirms this push and pull. Volatility remains present, but the price continues to align with these cost basis clusters. Each swing has respected the major accumulation zones without breaking the structural support.
With current price action near $3.12, market participants remain watchful of these boundaries. The next decisive move will likely be determined by whether XRP holds $2.81 or clears $3.22, setting the path forward.
