[DigitalToday reporter Yoonseo Lee (이윤서)] XRP rose 8.22 percent over three days after large-scale accumulation. The area around $1.60, where supply is concentrated above the current price, has emerged as a key level that could determine the near-term trend.

On Sept. 21 (local time), blockchain outlet The Crypto Basic reported that large holders added about 1.54 billion XRP over 96 hours. That equals about $2.2 billion at the price at the time of the analysis.

A notable point in this move is that large holders' balances increased before the price rise. According to on-chain analytics firm Santiment, their XRP holdings rose from about 8.1 billion before the accumulation to about 9.7 billion on Sept. 19. The increase was largest on Sept. 16 to 17, and the higher balance held over the following two days. It is noteworthy that the price rose after the large-scale accumulation, but the sequence alone cannot conclusively establish a direct causal link between the two.

After the price rise, $1.60 was presented as an area to watch. According to Glassnode's XRP realized price distribution data, the most pronounced concentration of supply just above the current price is around $1.60. The amount of XRP last moved at this level was tallied at about 2.5 billion tokens.

Below $1.60, a relatively smaller supply concentration appeared around $1.49. Above $1.60, additional concentrations were seen around $1.68, $1.86, $2.19 and $2.29. These are levels the price could encounter in sequence if it rises.

Among them, the supply last moved at $1.86 and $2.29 each exceeded 2.0 billion XRP. A substantial amount was also distributed around $2.19. This shows that supply related to holders' acquisition prices is concentrated at those levels, but it does not in itself indicate the scale of future selling.

Realized price distribution is an indicator that segments supply based on the price at which an asset last moved. It differs from data showing cumulative trading volume over a certain period or sell orders currently placed on exchanges. Therefore, it is difficult to conclude that a level is resistance or support simply because a large amount of supply is stacked there.

Ultimately, this analysis is meaningful in that it identified key supply distribution above the current price as XRP rebounded after large holders accumulated. The nearest large concentration is around $1.60. Whether selling emerges as the price approaches this zone, and whether buying continues to absorb it, is expected to be the 기준 for judging the near-term trend.