XRP accumulation has surged recently, with over 1.7 billion tokens collected around a key technical level that could determine the asset’s next major move. According to on-chain analytics, this level is forming an important foundation for XRP’s near-term price direction.

Massive XRP Build-Up at $0.57 Support Zone

Data from crypto intelligence platform IntoTheBlock reveals that nearly 1.7 billion XRP tokens have been amassed by investors within the price range of $0.561 to $0.582. This accumulation was made across more than 6,300 wallets—an unusually large concentration of holdings. The significance of this range lies in its potential to act as a make-or-break point for XRP’s future price movement.

Historically, such pronounced accumulation zones become strong support levels. As more wallets accrue XRP at a certain price, the odds of a sell-off from that region drop, while the appeal for liquidity-seeking buyers increases. Consequently, if this range maintains its strength, it could become the springboard for an XRP uptick. If it breaks, however, further downside volatility could follow.

Why This Level Matters for XRP

Market dynamics often hinge on investor sentiment and major wallet behavior. A dense concentration of holdings—especially when it’s above a billion tokens—increases the psychological and technical relevance of a price area. In this case, XRP’s price hovering around $0.57 coincides with resistance-turned-support, giving technical traders additional reason to watch this level closely.

Analyst platforms have pointed to a lack of strong resistance levels immediately above this zone, which opens the door to a potential rally if market conditions align. At the same time, failure to hold this level could expose XRP to lows unseen since early spring.

Investor Profiles and Wallet Activity

An interesting aspect of the data is the type of investors involved. On-chain analytics show a mix of retail and mid-sized holders are behind the 1.7 billion XRP acquisition. This suggests there’s broad interest in buying XRP at this price, not just from whales, but from an array of wallet sizes looking to enter or double down on their positions.

Such a diverse spread of holders could contribute positively to XRP’s volatility profile. More balanced distribution often leads to steadier price action, as large-scale dumps become less likely.

What’s Next for XRP?

If XRP maintains its current price level and continues to attract holders, we may see the asset stabilizing before mounting a fresh offensive toward higher price ranges. Supportive market sentiment and macro developments in the broader crypto sphere will also be critical in shaping XRP’s short-term trajectory.

For now, all eyes remain on the $0.56 to $0.58 range. As of recent trading sessions, XRP is navigating this corridor, with slight fluctuations suggesting indecision among traders waiting for a definitive breakout or breakdown.

XRP tokens are being accumulated in large numbers at a critical price support zone, which could steer the next big move.

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

To monitor potential impacts, consider watching blockchain data platforms like IntoTheBlock that offer wallet distribution and sentiment indicators, which help forecast possible breakouts or downturns ahead of market shifts.