Quick overview

Live XRP/USD Chart

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XRP whale investors have sold off 900,000 tokens within five days, pushing prices toward the $2 demand zone. This activity signals increased caution and potential volatility around liquidation clusters. The selling of 900,000 tokens by XRP whales in just five days has heightened market pessimism.

Open interest has decreased by 15.73 percent to $3.52 billion, indicating lowered trader leverage and risk aversion.

Liquidation heatmaps reveal key volatility triggers, with over $100 million in potential liquidations and dense clusters at $2.

Large investors have sold approximately 900,000 XRP tokens over the past five days, showing how XRP whale selling pressure has become a significant force in the crypto market.

The price has moved toward vital support levels between $2.20 and $2.30, amid declining on-chain metrics and technical indicators, which deepen bearish sentiment. As traders monitor these trends, the sell-off underscores the need for heightened caution amid broader market volatility.

The Relative Strength Index (RSI), currently at 35.22 and approaching oversold territory, suggests a bearish tilt for XRP according to technical analysis, which may soon signal potential buying interest. Strong downward trend momentum is confirmed by the Average Directional Index (ADX) of 39.19, while the Directional Movement Index (DMI) displays a negative directional indicator (-DI) of 36.38, which outweighs the positive (+DI) indicator at 13.13.

A descending resistance trendline has repeatedly rejected lower highs that the price action has formed, preventing an upward breakout.

According to TradingView data, XRP is consolidating in the demand zone between $2.20 and $2.30, which has historically been a significant area for price rebounds and accumulation. On-chain data, which shows a 12 percent drop in large holder accumulation over the course of the week and is consistent with the observed whale distributions, supports this opinion, according to market analysts at Santiment.