XRP Price Levels to Watch: Analyst Highlights Critical Support and Resistance Zones

XRP is facing a critical technical juncture after a 20% correction from its recent local high, according to market analyst Ali Martinez. The cryptocurrency has been trading in a tight range between $1.35 and $1.38, which has seen significant trading activity.

Glassnode's UTXO Realized Price Distribution (URPD) data shows that approximately 3.2 billion XRP were traded within this range, making it one of the asset's most significant support areas.

According to Martinez, if XRP successfully defends the $1.35-$1.38 support region and reclaims higher resistance levels, a move above $1.86 could open the door to further gains. Beyond that level, the next major target is $2.19, where another 3.12 billion XRP were traded.