XRP Cost Basis Heatmap Shows 2.5 Billion Tokens Stuck at $1.61

On-chain data from Glassnode's XRP Cost Basis Distribution Heatmap (CBDH) shows that a large amount of XRP could face selling pressure if the price recovers. Specifically, the XRP Cost Basis data reveals that approximately 2.5 billion tokens last changed hands around $1.61, which could create a potential resistance level whenever the price tries to rebound above current levels.

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