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 significant resistance level.
On-chain data reveals 2.5 billion XRP tokens acquired around $1.61, creating a significant resistance level. XRP (XRP) is trading at ₹123 ($1.29), up 0.8% since this brief published. This is an original Token Times brief based on reporting by The Crypto Basic, with live market data added, as of Sat, 24 Oct 2026 19:00:01 UTC.
This large concentration of XRP at a specific price point could influence future price movements, as holders may be inclined to sell if the price approaches their acquisition cost, potentially creating a barrier to recovery.
- 2.5 billion XRP tokens last moved at $1.61, according to Glassnode data.
- XRP currently trades at $1.28, down 2.52% in the last 24 hours.
- The $1.61 level could act as a resistance point if the price recovers.
- Market sentiment remains neutral despite the broader crypto market decline.
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- XRP Faces Potential Selling Pressure at $1.61 Price Level — this brief
- XRP Faces Rejection at Key Resistance Level, Bearish Pressure Mounts
On-chain data from Glassnode's 
XRP Cost Basis Distribution Heatmap reveals that approximately 2.5 billion XRP tokens were last transacted around the $1.61 price level. This significant concentration of tokens at a specific price point could create a substantial resistance level if the price of XRP attempts to recover.
Currently, XRP is trading at $1.28, representing a 2.52% decline over the past 24 hours and a 1.15% drop over the last seven days. The broader crypto market is also down, with 
Bitcoin experiencing a 1.58% decrease in the same period.
The data suggests that the $1.61 level could act as a barrier to price recovery, as holders who acquired XRP at this price might be inclined to sell if the price approaches their acquisition cost. This could potentially limit upward price movement.
The broader market context shows a total crypto market cap of $2.75 trillion, with sentiment remaining neutral as indicated by the Fear & Greed Index at 51. This neutral sentiment suggests that while the market is not in a state of extreme fear or greed, the presence of significant resistance levels like the one at $1.61 could influence short-term price dynamics.
Investors and traders should monitor the $1.61 level closely, as it could play a crucial role in XRP's price action in the coming weeks. If the price manages to break above this level, it could signal a stronger recovery; otherwise, it may remain range-bound.
Since this brief published about 5 hours ago, XRP (XRP) has moved from ₹121.65$1.28 to ₹122.60$1.29 — +0.78%.
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 Token Times'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 ≈ ₹131.3 (about $1.29), down 1.6% over 24 hours. The rupee itself trades about 7.1% above the official rate on the P2P market, so a Indian 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 $1.61 price level for XRP?
The $1.61 level is significant because 2.5 billion XRP tokens were last transacted there, potentially creating a resistance level as holders may sell if the price approaches this point.
How does this data affect XRP's price outlook?
The data suggests that XRP's price could face selling pressure at $1.61, making it harder for the price to rise above this level without significant buying volume.
What is the current market sentiment for cryptocurrencies?
The current market sentiment is neutral, with a Fear & Greed Index of 51, indicating neither extreme fear nor greed.
How much is 1 XRP worth in rupee today?
About ₹131.3 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.29. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.78% since this brief first published — trading at ₹123 ($1.29) now versus ₹122 ($1.28) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.