XRP Faces Potential Selling Pressure at $1.61 Price Level
On-chain data reveals 2.5 billion XRP tokens acquired around $1.61, creating a potential resistance level.
On-chain data reveals 2.5 billion XRP tokens acquired around $1.61, creating a potential resistance level. XRP (XRP) is trading at $1.29. This is an original TLT brief based on reporting by The Crypto Basic, with live market data added, as of Sat, 24 Oct 2026 20:00:04 UTC.
This significant concentration of XRP at a specific price point could influence future price movements and trading behavior as the token approaches this level.
- 2.5 billion XRP tokens last moved at $1.61, according to Glassnode data.
- This concentration could act as a resistance level if XRP's price rises.
- Current XRP price is $1.29, down 1.46% in the past 24 hours.
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- XRP Faces Selling Pressure as Whale Inflows to Binance Surge to 7-Month High
- XRP Faces Key Resistance Level Before Potential $2 Target
- XRP Faces Potential Selling Pressure at $1.61 Price Level — this brief
On-chain data from Glassnode's 
XRP Cost Basis Distribution Heatmap indicates that a substantial amount of XRP, around 2.5 billion tokens, was last traded at an average price of $1.61. This concentration of tokens at this price level could create a significant resistance barrier if XRP's price attempts to rise above this point.
The data suggests that holders who acquired XRP at $1.61 might be inclined to sell if the price approaches this level again, potentially leading to increased selling pressure. This phenomenon is a common occurrence in cryptocurrency markets, where price levels with high trading volumes can act as psychological barriers.
Currently, XRP is trading at $1.29, having fallen 1.46% in the past 24 hours and 0.41% over the last week. The broader cryptocurrency market is also experiencing a downturn, with 
Bitcoin down 1.02% in the same period and the overall market cap at $2.76 trillion.
The Fear & Greed Index stands at 51, indicating a neutral market sentiment. This suggests that while there is some optimism, investors remain cautious amidst the recent market volatility.
The potential resistance at $1.61 is a key level to watch for XRP traders and investors. If the price approaches this level, the behavior of holders who acquired tokens at that price could significantly impact XRP's short-term price trajectory.
Since this brief published about 6 hours ago, XRP (XRP) has moved from $1.29 to $1.29 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,780.27 (about $1.29), down 1.1% over 24 hours. The naira itself trades about 3.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Faces Potential Selling Pressure at $1.61 Price Level — questions & answers
What is the significance of the 2.5 billion XRP tokens at $1.61?
These tokens represent a large concentration of XRP that could be sold if the price recovers to $1.61, potentially creating resistance.
How does this affect XRP's current price?
The current price of $1.29 is below the $1.61 level, suggesting potential selling pressure if the price rises.
What is the broader market context?
The overall crypto market is down, with Bitcoin falling 1.02% and the market cap at $2.76 trillion.
How much is 1 XRP worth in naira today?
About ₦1,780.27 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.29. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Crypto Basic. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.