Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
As 830 Million XRP Changed Hands At This Exact Price, Here’s What Is Next

As 830 Million XRP Changed Hands At This Exact Price, Here’s What Is Next

TimesTabloidTimesTabloid2026/06/27 12:06
By:TimesTabloid

XRP has reached a critical point on its price chart, with on-chain data indicating it is testing one of its most important support levels.

According to crypto analyst Ali Martinez, the $1.06 price level now represents a significant area for traders to monitor, as historical blockchain data shows that hundreds of millions of XRP last changed hands at that price.

Sharing his analysis on X, Ali Charts stated that XRP is currently testing a major volume block at $1.06. He cited data from the UTXO Realized Price Distribution (URPD), which shows that more than 830 million XRP were transacted at this exact level. Because such a large volume of tokens moved at $1.06, the analyst believes it has become a key support line for the asset.

XRP: KEY SUPPORT LEVELS $XRP is testing a major volume block at $1.06. On-chain data from the UTXO Realized Price Distribution (URPD) shows that over 830 million XRP changed hands at this exact price, making it a key support line to watch.

If the market drops below this level,…

— Ali Charts (@alicharts) June 26, 2026

Why the $1.06 Level Matters

Unlike traditional technical indicators that rely primarily on exchange trading activity, the URPD model focuses on on-chain transaction history. It measures the prices at which existing tokens last moved across the blockchain, offering insight into where investors accumulated their holdings.

This type of data can help identify price levels where buying interest may emerge. While XRP Investors who acquired the token around $1.06 may be inclined to defend their positions if the price revisits that area, other market participants could view the level as an attractive entry point after previously missing earlier buying opportunities.

Ali Martinez’s analysis suggests that large transactions at $1.06 makes it an important level to watch as XRP attempts to maintain its current trading range.

Lower Support Zones if Selling Continues

The analyst also outlined the next major support levels if XRP falls below $1.06. According to the URPD data, the first notable support sits at $0.80, where approximately 923 million XRP previously changed hands.

Below that, Ali Charts identified $0.62 as another significant accumulation zone. On-chain records show that roughly 1.16 billion XRP were transacted at that price, making it the largest volume cluster among the highlighted support levels.

The final level in the analysis is $0.51, where more than 1.06 billion XRP previously moved. If XRP were to decline to that region, historical transaction data suggests that another substantial area of buyer interest could emerge.

The analysis comes as XRP trades in a broader cryptocurrency market experiencing increased volatility and periods of consolidation. While on-chain support levels do not guarantee that prices will hold, they provide traders with additional context by identifying areas where large amounts of XRP were previously accumulated.

For now, Ali Charts’ data places the market’s attention squarely on whether XRP can maintain support at $1.06 or whether the next historical accumulation zones will come into focus.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Report: TSMC to Raise Wafer Foundry Prices by 3% to 6% Starting January Next Year, Order Visibility Extended to 2030

According to media reports, TSMC's advanced and high-priced processes such as 2nm and 3nm have seen the largest price increases; mature and specialty processes are subject to individual negotiation based on products, capacity utilization, and customer conditions. Currently, TSMC's 8-inch fabs have a capacity utilization rate exceeding 100%, and processes below 45nm are at full capacity. The construction of AI data centers is not only driving demand for GPU and HBM, but also boosting orders for mature processes such as PMIC, MCU, and analog ICs.

华尔街见闻2026/09/23 20:36

U.S. Treasury plans to repurchase up to $6 billion in long-term bonds, 30-year yield hits highest since 2007

This is the second round of enhanced long-term bond buybacks by the Treasury, this time focusing on 20- to 30-year government bonds. After the announcement of the planned upper limit, the yield on 30-year U.S. Treasury bonds continued to rise, at one point exceeding 5.4%. In the first round of enhanced buybacks two weeks ago, the upper buyback target was also $6 billion, which was lower than some market participants had expected, and the actual buyback amounted to only $5.2 billion due to insufficient competitive bidding, according to the Treasury.

华尔街见闻2026/09/23 20:36