XRP: Significant Selling Pressure Identified at $1.61 and $1.85
Glassnode data reveals two substantial XRP 'sell walls' at $1.61 and $1.85, collectively representing approximately 4.5 billion XRP. These concentrations indicate significant resistance levels, as many investors entered at these price points and are now facing losses of 19.3% and 29.7% respectively.
Glassnode data reveals 'sell walls' at $1.61 and $1.85.
Approximately 4.5 billion XRP were acquired at these higher price points.
Investors at $1.61 face about 19.3% unrealized losses, while those at $1.85 face closer to 29.7%.
These levels represent significant overhead resistance for future price movements.
Story
Current data from Glassnode, a blockchain analytics platform, has identified two prominent 'sell walls' for XRP, located at $1.61 and $1.85. These price points represent a concentration of approximately 4.5 billion XRP acquired by investors at these higher prices. With XRP currently trading near $1.30, these holders are sitting on unrealized losses of about 19.3% for those who bought at $1.61 and closer to 29.7% for those who entered at $1.85. The presence of these large supply zones creates significant overhead resistance. A rally in XRP's price towards these levels could trigger increased selling pressure as investors might seek to exit their positions at breakeven or minimize losses. For a sustained recovery, XRP would need to absorb these resistance zones with persistent buying momentum and significant trading volume.
Issue context
The crypto market shows a slight downturn as of October 27, 2026, with the total market capitalization decreasing by 2.07% to $2.7 trillion. Bitcoin is trading at $79,645, down 0.40% in the last 24 hours, while Ethereum declined by 0.43% to $2,306.25. Despite this short-term weakness, which sees Bitcoin heading for its second consecutive October loss, several underlying indicators suggest a potentially bullish long-term outlook. Institutional players are reducing their net-long positions in CME Bitcoin futures, and on-chain data shows a decline in non-empty Bitcoin wallets, interpreted by some analysts as a potential bottom signal. Concurrently, we continue to observe security risks in the DeFi space and growing institutional involvement, underscoring the sector's maturation.
Current market movements present a mix of short-term downward pressure and long-term positive fundamentals. Pay attention to XRP's resistance levels and the impact of institutional short positions. Volatility remains high, and security incidents serve as a reminder for careful risk assessment in DeFi protocols.
Market pulse
Fear & Greed
48
Neutral
BTC Funding
+0.0082%
20 perp markets · Open Interest $55.6B
BTC Open Interest
$55.6B
24h volume $57.9B · basis +0.051%
ETH Funding
+0.0065%
20 perp markets · Open Interest $36.3B
More from this issue
This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.