XRP Clings To $1: Analyst Flags Massive On-Chain Support

After getting smacked lower and watching a wave of leveraged longs get liquidated, the token is once again testing the lower boundary of its multi-month range — and this time, on-chain data is giving bulls a very specific reason to pay more attention. Right now XRP is hovering near $1.03–$1.06, sitting right on top of a serious volume block that Ali Martinez just highlighted. The On-Chain Floor Ali’s Watching Now According to Ali’s latest analysis using UTXO Realized Price Distribution (URPD), over 830 million XRP changed hands right at the $1.06 level. That makes this zone a high-conviction support area — basically where a ton of holders originally bought in. https://twitter.com/alicharts/status/2070446470650568913 If price breaks below it, Ali maps out the next big on-chain support clusters where significant volume accumulated: $0.80 → 923 million XRP transacted $0.62 → 1.16 billion XRP transacted $0.51 → 1.06 billion XRP transacted These aren’t just random lines on a chart — they represent real money that changed hands at those prices. The Setup Traders Keep Coming Back To Technicians are watching two overlapping patterns: A falling wedge that’s been compressing since XRP topped near $3.65 in mid-2025 The lower edge of a longer-term moving average “ribbon” that has acted like a bear-market floor in previous cycles XRP is currently sitting right at the apex of this wedge and on the lower band. In past cycles since 2020, whenever price revisited this kind of support zone, it often marked the final shakeout before a strong rebound. Many chart watchers are now eyeing a potential breakout attempt as soon as July ends, with the first real resistance wall sitting between $1.90 – $2.15. What Could Annihilate The XRP Bull Case The recent drop was supercharged by a derivatives liquidation cascade — classic when stops pile up around round numbers like $1.00. These flushes often clear the weak hands and create the fuel for the next leg. Still, even bullish traders admit more downside is possible if $1.06 fails. A clean reclaim of the mid-$1.30s would be the first real sign that sellers are losing control. Right now, XRP’s price is printing out a ‘buy’ signal on the 4-hour charts via the Parabolic Stop & Reverse (SAR) calculation, but the bulls shall not get excited prematurely. XRP’s price is either forming a solid base right on top of heavy on-chain volume at $1.06.. or it’s pausing before another leg down. With Ali Martinez calling out these specific URPD support clusters, the next few days around this level are going to be critical. Will $1.06 hold and spark the July breakout, or do we visit the lower on-chain zones first? The market is about to find out. Discover DailyCoin’s popular crypto news right now:StablecoinX Debuts on Nasdaq as DeFi Stablecoin Sector Enters Wall Street Mastercard Tests Machine-to-Machine Payments on Ripple Rails