XRP's $0.62 Support Zone: A Potential Magnet for the Downtrend

The ongoing crypto market downturn has had a devastating impact on XRP, which has collapsed by more than 71% from its all-time high of $3.66.

The current price of XRP is $1.04, and investors are eager to know where it could find its bottom.

Data from the UTXO Realized Price Distribution (URPD) indicator reveals that there is a potent support area below $1, with the strongest support sitting at $0.62, where up to 1.16 billion XRP transacted.

The URPD metric highlights price zones with heavy accumulation by grouping realized prices into bands and identifying areas with large concentrations of coins that often act as support.