XRP’s $1.06 Floor: A 1-Day Gain Sparks Hope or Trap

  • Glassnode’s URPD metric identifies $1.42, $1.27, and $1.06 as high-volume zones where over 500 million XRP were transacted, serving as potential “buy walls.”
  • Ripple unlocked 1 billion XRP ($1.63B) on February 2, but immediately re-escrowed 700 million tokens to mitigate long-term inflationary pressure.
  • While AI models predict consolidation near $1.45, institutional forecasts from Standard Chartered maintain a long-term $8 target based on ETF inflows.

The ever-volatile crypto landscape, XRP has been navigating choppy waters, with its price stabilizing around $1.61 as of early February 2026. This comes after a turbulent period marked by a over 40% drop over the past year, influenced by broader market sentiments and geopolitical tensions. A recent analysis shared by crypto chart expert Ali Charts on X brings fresh perspective through the UTXO Realized Price Distribution (URPD) metric from Glassnode, spotlighting potential support zones that could dictate XRP’s near-term trajectory.

The February Supply Surge: Ripple’s 1 Billion XRP Unlock

URPD, originally designed for UTXO-based chains but adapted for assets like XRP, maps out the prices at which the current supply was last moved. It reveals clusters of unrealized profits or losses, indicating where holders might defend or capitulate. The chart identifies three key support levels: $1.42, $1.27, and $1.06. These represent substantial volumes—up to 500 million XRP equivalents—where tokens were previously transacted, suggesting strong buying interest could emerge if prices retreat to these points. For instance, the $1.06 level shows the densest accumulation, potentially serving as a robust floor during deeper corrections.

This insight arrives amid Ripple’s scheduled token unlock on February 2, releasing 1 billion XRP valued at approximately $1.63 billion. While 300 million XRP remains in treasury for operational use, the bulk—700 million—was re-locked into escrows maturing later in 2026. Such unlocks historically introduce supply pressure, contributing to XRP’s recent slide from highs above $2. Analysts note this could test the URPD supports, especially if selling intensifies due to external factors like Iran-related geopolitical risks or ETF outflows impacting sentiment.

Institutional Conviction: The Path to $8 vs. Macro Reality

Looking ahead, price predictions vary widely. Optimistic forecasts from institutions like Standard Chartered eye $8 by year-end, driven by potential ETF approvals and regulatory clarity. However, AI models like ChatGPT and Grok suggest consolidation around $1.25-$1.45 if supports break, with sub-$1 risks in prolonged bearishness. XRP’s market cap stands at $98 billion, with 24-hour trading volume exceeding $4.67 billion, underscoring sustained interest despite headwinds.

For traders, monitoring these URPD levels is crucial. A bounce from $1.42 could signal recovery toward $2, while a breach of $1.06 might invite further downside. As Ripple continues to expand its cross-border payment ecosystem, these on-chain metrics provide a data-driven lens for navigating uncertainty in 2026. Investors should watch for macroeconomic shifts and regulatory updates to gauge XRP’s resilience.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

Ethereum’s $7,000 Breakout: 1 Huge Move for the 2026 Cycle

Ethereum is currently trapped in a 4-year technical "squeeze";...

Bitcoin’s 1st Capitulation: Glassnode Warns of a Deep Shift

Bitcoin’s price has dipped below the 1-month cohort cost...

Crypto Supercycle? 1 Macro Signal Sparks a Major Revival

Following the report, Bitcoin recovered from its $75,000 weekend...

Cardano Price Breaks Resistance After $0.267 Support Bounce

ADA rebounded from $0.267 and broke through initial weak...

PEPE Gains Over 4% as Inflows Cross One Billion Mark

PEPE’s market cap rises to $1.8B with strong daily...

Topics

Ethereum’s $7,000 Breakout: 1 Huge Move for the 2026 Cycle

Ethereum is currently trapped in a 4-year technical "squeeze";...

Bitcoin’s 1st Capitulation: Glassnode Warns of a Deep Shift

Bitcoin’s price has dipped below the 1-month cohort cost...

Crypto Supercycle? 1 Macro Signal Sparks a Major Revival

Following the report, Bitcoin recovered from its $75,000 weekend...

Cardano Price Breaks Resistance After $0.267 Support Bounce

ADA rebounded from $0.267 and broke through initial weak...

PEPE Gains Over 4% as Inflows Cross One Billion Mark

PEPE’s market cap rises to $1.8B with strong daily...

Bitcoin Price Falls to 74K as Risk-Off Signals Spread Across Market

Bitcoin price dropped to $74K after breaking November support...

Ethereum to Bitcoin Pair Breaks Support as Whale Liquidation Hits

ETHBTC breaks long-held 0.032 level for the first time...

Altcoin Market Cap Nears Breakout While Holding Key Support

Altcoin market cap holds a trendline that dates back...
spot_img

Related Articles

Popular Categories

spot_imgspot_img