XRP is seeing renewed attention as on-chain data reveals over 1.7 billion tokens have been accumulated at a critical price level, suggesting this could be a turning point for the asset. As the broader crypto market awaits further moves, this accumulation phase may determine XRP’s short-term trajectory.

Major XRP Holdings Cluster at Crucial Support

According to data from IntoTheBlock, approximately 1.71 billion XRP—valued at more than $850 million—has been purchased between the price of $0.62 and $0.67. This significant accumulation is supported by nearly half a million wallet addresses. The clustering of such substantial holdings signals a “make-or-break” support zone that could play a pivotal role in how XRP performs in the near term.

If XRP’s price drops below this range, selling pressure could increase sharply, potentially accelerating losses. Conversely, a rebound from this support could attract new buyers, reinforcing this range as a firm price base. This kind of accumulation is often seen as a signal that institutional and retail investors alike are positioning themselves for a potential recovery or continued rally.

Market Sentiment and Technical Crossroads

XRP’s recent performance has been relatively stable compared to more volatile cryptocurrencies. While other altcoins have seen significant price swings, XRP has been forming a consolidation pattern, often interpreted as coiling for a larger move. With buyers defending the $0.62–$0.67 range, it appears this zone is being treated seriously as a technical support level.

The overall crypto market is seeing mixed sentiment. Leading analyst Peter Brandt recently forecasted a bold long-term target for Bitcoin at $500,000, indicating bullish sentiment remains strong among seasoned market watchers. While XRP isn’t directly tied to Bitcoin’s movement, broader optimism in the crypto sector can often boost investor confidence across major altcoins, including XRP.

Implications for Investors and Traders

For crypto traders and long-term holders, the accumulation of XRP at this key support suggests increased conviction in the asset’s future prospects. It also serves as a warning: if XRP fails to maintain this support, downside risks may rise quickly. Traders may interpret this range as a high-stakes zone requiring close monitoring. If XRP breaks lower, further selling could follow as technical stops are triggered.

More positively, if the asset holds this level and begins moving upward, it could catalyze a fresh wave of momentum. In past cycles, XRP has responded strongly to support-based accumulation zones, leading to sharp reversals. If that pattern holds, this could be an attractive entry point for traders anticipating another upward swing.

Over 1.7 billion XRP clustered between $0.62 and $0.67, forming a critical support zone for the asset.

What Comes Next for XRP?

As the crypto landscape continues evolving, XRP sits at a pivotal market moment. Whether it maintains its current support zone will likely influence short-term sentiment and may shape mid-term price direction. Should buying pressure hold firm and build on this 1.7 billion XRP foundation, XRP might reassert itself among the leading altcoins undergoing bullish breakouts.

Related: XRP Price: $12M Max Pain for Bears

Investors should watch volume indicators, price behavior around the support level, and any broader market moves, especially from large-cap coins like Bitcoin and Ethereum. These external factors could offer clues as to whether XRP’s consolidation gives way to strength or weakness.