XRP Price Reaches $1.60, Breaking Through Key Threshold

XRP's price has been rising, and it recently hit $1.60 on September 23rd. The short-term critical threshold is now at $1.50.

Big investors have accumulated a massive amount of XRP over the past 96 hours, with a total of $1.54 billion in purchases. This surge has led to an increase in observed balances from $8.1 billion to $9.7 billion.

According to Glassnode data, there is a significant supply zone around the $1.60 price point, holding approximately 2.5 billion XRP.

Analysts believe that if the range between $1.50 and $1.60 is broken through, it could strengthen the case for reaching $2.