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The price of XRP has faced sustained pressure over the past month, extending a broader downward trend that has significantly impacted investor sentiment. Losses piled up as the asset slipped below key resistance areas, raising concern among short-term holders.
Despite this weakness, the data in the chain suggests that the big carriers, or whales, are actively redistributing the supply. This internal adjustment appears to mitigate downside risks and lays the groundwork for a potential recovery.
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The XRP whales are working
He drove Recent sale of XRP holding whales Between 100 million and 1 billion symbols. In the past month, these addresses have sold more than 400 million XRP, worth $800 million at current prices.
This activity usually indicates strong distribution pressure and often precedes deeper corrections. However, this time the market structure shows a different dynamic. Most of this sale was absorbed by small whales holding between 1 million and 100 million XRP.
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These investors are often considered “strong hands” because of longer holding periods and less sensitivity to short-term fluctuations. Since the tokens remained in the portfolios of large companies, the wider supply in the market did not increase. As a result, the downward momentum was limited despite the significant decrease.
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The main holders of XRP are doing their best
Macro indicators support the view that the long-term conviction remains. The XRP Vitality Index is down suddenly in the last few weeks. Liveness tracks the movement of long-term coins, providing insight into whether long-term holders are distributing or holding. The index is now at its lowest level in three months.
This decline suggests that long-term holders, or LTHs, are holding on to HODL rather than selling on weakness. Historically, the decline in activity during downtrends reflects accumulation phases. When LTH reduces selling pressure, price volatility tends to decrease. This stabilization often precedes a reversal of trends, especially when combined with the behavior of whale accumulation.
The XRP price rock remains the same
At the time of writing, The price of XRP is trading Near $1.90, it fluctuates between resistance at $1.93 and support at $1.86. The altcoin has recently broken out of a falling wedge pattern that has been limiting price action since early June. These breakouts often indicate trend exhaustion and early bullish reversals.
Technically, a wedge breakout predicts an upside movement of 11.7%, pointing towards $2.10 as a benchmark target. However, near-term conditions point to a more conservative outlook. Given the ongoing stability and high resistance, a recovery of $2.00 stands out as the most realistic goal of the most realistic. A sustained stop above this level will confirm a better momentum.
However, downside risks remain. if XRP fails to cross $1.93 Crucially, selling pressure can increase. A drop below $1.86 is likely to push the price towards the $1.79 support area. Such a move would nullify the positive hypothesis and reopen the door to deeper losses.
