XRP to ‘trigger a major move’ if this level is breached

Key Points

1. Ali Martinez identifies $2.38 as the key resistance level for XRP, based on UTXO Realized Price Distribution (URPD) data showing over 2.75 billion tokens transacted at this price.

2. A decisive break above $2.38 could trigger renewed bullish momentum by invalidating significant overhead supply.

3. Strong support for XRP is noted between $0.50 and $1.80, particularly below the $1 level.

4. Analyst CrediBULL Crypto suggests XRP may be preparing for another strong upward move after eight months of consolidation above prior all-time high monthly closes.

5. At press time, XRP was trading at $2.22, slightly below its 50-day SMA of $2.25 but well above its 200-day SMA of $1.81, indicating mild short-term weakness but a strong long-term uptrend.