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XRP is trying to recover this week, supported by renewed optimism after the launch of XRP ETF. Rising interest has supported a modest rebound, but the upward momentum is under pressure.
A massive whale sell-off over the course of November hindered XRP’s ability to regain strong upward momentum, creating a critical inflection point for the asset.
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XRP whales break records
The behavior of the whales has changed drastically towards a downward trend. This month, sign up Large XRP holders The biggest sale of a month since March 2023.
Addresses holding between 1 million and 10 million XRP collectively sold more than 2.20 billion XRP, worth more than $4.11 billion. His total holdings fell to 4.39 billion XRP, breaking a 32-month low.
These aggressive distributions highlight growing concerns among high-value portfolios. Many whales appear to be reducing their exposure to avoid further losses, indicating that confidence remains fragile despite ETF-led optimism. The volume of sales suggests that the major holders are not yet convinced of a sustainable recovery.
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Broader macroeconomic indicators reinforce these concerns. XRP’s net gain/loss recently fell below the 0.25 level, entering “fear” territory before making a slight comeback. Historically, this level has produced two distinct results.
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If fear sets in and investors refrain from selling, prices often recover as profits gradually accumulate. However, if fear accelerates, surrender usually follows, resulting in steep declines.
Be installed XRP Or more weakened largely depends on the behavior of investors in the coming days. A decisive move towards $2.50 would indicate increased confidence and a reduced risk of capitulation. Conversely, continued fear-driven selling could put downward pressure on the price, pushing XRP into a zone of weakness.
The XRP price is far from the target
XRP is trading at $2.20, moving sideways below the $2.28 resistance level. The new ETF is helping to keep the asset above the crucial $2.14 support, but momentum remains weak.
If you fail XRP coin under construction On recent gains due to continued distribution by whales, a consolidation between $2.28 and $2.14 is likely to occur. A break of the $2.14 level could push the price towards $2.00 or lower, continuing the downward trend.
If sales slow down and investors regain confidence,… XRP challenge Barrier of $2.28. A break above this level could push the price to $2.36 and eventually towards $2.50. This will invalidate the bearish theory and encourage the recovery of the accumulation.
