Glassnode data reveals $1.61 and $1.85 XRP sell walls totaling 4.5 billion coins

Crypto market analyst Steph Is Crypto drew attention to two major supply concentrations in XRP, based on Glassnode’s cost basis distribution data. These clusters represent significant selling walls located at the $1.61 and $1.85 price levels. According to the analyst, these zones collectively account for nearly 4.5 billion XRP, currently valued well over $5 billion at present market rates. The cost basis distribution heatmap released by Glassnode, a blockchain data and analytics platform, shows the specific price points where large numbers of XRP holders originally acquired their tokens. The data reveals two prominent clusters: one centered around $1.61 and another at $1.85. These concentrations suggest a sizable group of investors entered the market during those periods, and are now holding significant quantities of XRP.

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