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Cost Basis

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XRP Faces a Heavy Wall at $1.76 Before Any Breakout
markets26 days ago

XRP Faces a Heavy Wall at $1.76 Before Any Breakout

XRP remains around $1.40 and is stuck beneath a heavy $1.76–$1.80 resistance as about 1.85 billion XRP bought near that level sits underwater. With roughly 60% of circulating supply held below the $1.44 average cost, underwater holders could add selling pressure on rallies, making a breakout reliant on renewed buying (including ETF inflows) and potential catalysts like Bitcoin’s rally or regulatory clarity. If $1.76 holds, the price could drift toward $1.35–$1.40; a break on strong volume could open the path to $1.85, $2.00, and around $2.08.