XRP Resistance Levels: Martinez Identifies Key Clusters for Traders

XRP has pulled back after a strong run, according to an analysis by Martinez. He used Glassnode's UTXO Realized Price Distribution (URPD) data to identify areas where buyers and sellers are most likely to act.

The URPD metric maps the volume of coins traded at each price level, showing where large concentrations of holders bought in. When the price returns to a heavy URPD cluster, those holders tend to defend their positions, creating natural support.

Martinez's analysis reveals that XRP has significant resistance levels above its current price. The heaviest concentration sits at $1.86, where 3.47 billion XRP were traded. Two other notable clusters sit just below it at $1.60 and the asset's recent peak of $1.68.

Martinez laid out a clear sequence of resistance levels for traders to monitor: reclaiming $1.60, then $1.68, before challenging $1.86. Clearing $1.86 opens the door to a move toward $2.19 and potentially even $2.29.