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The price of XRP has fallen sharply after a strong start to the year. Since the price peak on January 6, the price has fallen by more than 14%. Even after the drop, XRP is still up 11% over the past seven days, which shows that this move is more of a correction than a collapse.
What matters now is not how big the drop is, but who sells it and who absorbs it.
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Selling pressure increases as volume weakens under the rising price
From December 18 to January 9, The price of XRP is rising. During the same period, the balance volume (OBV) tended to decrease.
OBV tracks whether volume flows into or out of an asset. When the price rises, but the apparent value falls, this indicates that the real purchasing power is weak and sellers are quietly active during demonstrations.
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More importantly, OBV is now drifting towards a downtrend line connecting lower lows. If OBV breaks below the trend line, selling pressure may increase further.
This does not confirm the presence of a collapse. This just shows that It makes XRP First wave of significant sales in 2026, likely driven by profits after a strong period.
This brings us to the main question. If there is a sale happening, who is doing it? More importantly, who is absorbing the selling pressure now that the bounce has stabilized lower, as XRP has been trading flat for the past 24 hours?
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Long-haul carriers and whalers absorb supply during the decline
The chain’s data shows that sales are not coming from long-term policy holders.
The Hodler Net Position Change Index tracks whether long-term holders are accumulating or distributing. Since January 5th, long-term holders have increased their XRP holdings from 47.4 million to 55.4 million XRP. This means that it adds about 8 million XRP, an increase of 17%, during a period when the price was actively decreasing.
The great whales tell the same story. Wallets containing between 100 and 1 billion XRP have increased their total balance from 8.34 billion to 8.52 billion XRP since January 6th.
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This is an increase of 180 million XRP, which is about $390 million in buying pressure. This is important because it shows that the selling wave is absorbed by the stronger hands, without causing a panic exit.
With the accumulation of long-distance carriers and whales, The selling pressure is likely due to short-term players.
XRP price levels above which the pressure fades
Even with the accumulation below, the price must still exceed the offer above.
The cost base data shows that the first major resistance is near $2.15, where a large group of holders have accumulated earlier. A clean move above this level would indicate that short-term selling pressure is weakening.
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The next and most important level is $2.41. This area represents where the last sale started and also represents a supply pool.
Display sets are aligned with XRP price chart levels. The first short-term resistance is near $2.15 ($2.149 to be precise). A daily close above $2.41 would significantly reduce downside risks and reopen the path towards $2.69.
On the downside, $1.97 remains the main support. The installation above keeps the wider structure intact. Losing this level indicates that selling pressure is no longer absorbed.
Currently, XRP is in a tight retreat phase. The numbers show that the selling pressure has arrived, but the long holders and whales are actively folded into it. As long as the accumulation continues and the key support holds, this correction looks like a stop in the trend rather than a warning.
