Quick overview

Live XRP/USD Chart

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XRP failed to reach the $2.9 mark, indicating it was struggling to maintain its recent momentum. After a relatively strong weekend that maintained a positive outlook, selling pressure emerged on Monday, pushing the price down to $2.88.

The correction phase might not be over yet, as on-chain data shows increasing exchange inflows across various value bands, a trend often associated with profit-taking behavior. Historically, notable increases in exchange deposits have preceded each of XRP’s major peaks, including $3 in 2018, $1.9 in 2021, and $0.9 in 2023. This suggests that whales and investors sent tokens to trading platforms to profit, according to CryptoQuant.

XRP surged to the $3.5–$4 range, with inflows this year, especially from large holders in the 100K–1M+ XRP range, reaching very high levels.

This strongly indicates that whales are beginning to reduce their holdings and increase short-term selling pressure. Although the cryptocurrency is currently consolidating below $3, the high inflow levels keep downside risks in focus. If selling pressure intensifies, a decline toward the $2.8 support zone seems likely.

XRP continues to struggle to keep pace with other top digital assets, despite recent positive developments.
Analysts emphasize the significance of using the $2.8 level as XRP’s short-term benchmark, as it may determine whether the asset stabilizes or experiences additional dips.

Although some contend that as long as the asset stays above this level, opportunities will still present themselves, the market sees it as a threshold that, if crossed, could result in greater losses