The selling pressure of XRP drops by 39%, but this price level still determines the outcome


The price of XRP is approaching a crucial decision point as 2025 approaches its final phase. The price remains weak on higher times, falling almost 16% on a monthly basis. But cracks are starting to appear in the sales pressure. Momentum indicators and data on the chain now indicate that sellers are losing control, although the price has yet to confirm a reversal.

The setting is no longer based on guessing the increase. It is about whether the ease of selling pressure is enough to push the price of XRP through a known wall of supply. This wall is still important.

Sponsored

Sponsored

Are sellers losing control?

The first signs of a reversal appear on the 12-hour chart, where trend changes appear first.

Between November 21 and December 18, The price of XRP has hit a record low Low level. During the same period, the Recurrent Harmony Index achieved a higher level of decline. The Relative Strength Index (RSI) measures momentum. When the price has fallen, but the RSI is improving, it indicates a bullish divergence.

Bullish divergence
Increasing divergence: TradingView

Want more icon insights like these? Subscribe to publisher Harsh Notaria’s Crypto newsletter here.

This model indicates that, Although the price of XRP continues to fallHowever, sales momentum is weakening. Sellers have been active, but are no longer able to push the momentum as strongly.

The data on the chain supports this transformation.

Sponsored

Sponsored

The net position shift in favor of XRP HODLer tracks whether long-term holders add or sell coins. On December 11, the net sale reached about 216.9 million XRP. By December 18, this number had dropped to about 132.2 million XRP.

This represents a reduction of approximately 39% in daily sales pressure.

XRP holders are selling less coins
XRP holders sell less coins: Glass node

In simple terms, sellers still exist, but the number of coins they push into the market is much smaller. This is consistent with the RSI divergence and strengthens the argument for declining downside pressure.

This does not guarantee that a cluster will occur. But this means that the market is no longer completely under the control of the sellers.

Sponsored

Sponsored

Because an XRP price level always determines the outcome

Although selling pressure continues to ease, XRP is still facing a significant structural charge in a structural test.

The basic data of the costs on the chain show a significant demonstration of supply between $1.96 and $1.97. About 1.82 billion XRP have been accumulated in this region. Cost base data tracks where holders purchased their coins. When the price returns to those levels, many players reach the break-even point and tend to sell.

This makes the $1.96 to $1.97 range a strong resistance zone.

Sponsored

Sponsored

Strong XRP Supply Cluster
XRP supply cluster: Glass node

The price chart confirms this. to fail The price of XRP is up In holding above $1.96, the bounces will stop near the same area. If a rebound develops from current levels, this is where sellers are likely to return.

For the rebound to become a true trend change, the price of XRP must post a clean daily close above $1.96. Without this confirmation, any upward movement can turn into another failed rally.

XRP Price Analysis
XRP Price Analysis: Trade view

On the bearish side, $1.76 is still the main level for the champion. A break below indicates a return to seller control, opening the door to deeper losses.

The conclusion is clear. Selling pressure has decreased dramatically, and momentum is improving. But until XRP confidently surpasses $1.96, the market remains trapped between weakened sellers and a stubborn wall of supply.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *