TL;DR
Whales have sold 640 million XRP worth $1.91 billion since July 9, triggering alarms over a potential breakdown of the $2.65 support.
The RSI shows a bearish divergence and trading volume is dropping, signaling weakening momentum and fading buying demand.
Without sustained accumulation of at least 5M XRP per day, the market will remain fragile and exposed to a possible drop toward $2.06.
XRP is in a critical phase after facing intense selling pressure from its largest holders. Since July 9, whales have offloaded 640 million tokens, totaling $1.91 billion.
This massive sell-off happened while XRP was trading within a high price range, raising concerns among analysts who warn that a failure to hold the $2.65 level could lead to a 30% correction.
The current pattern resembles previous distribution phases, where whale selling aligned with local market tops. Unlike rallies supported by accumulation, these outflows often precede downturns. Net flows from large wallets have sharply turned negative, mirroring what occurred in January and February, when similar conditions led to a price drop.
Technical indicators confirm XRP’s weakening structure. The Relative Strength Index (RSI) has been forming lower highs since the start of the year, even as price reached new peaks. This divergence points to a loss of bullish momentum. At the same time, trading volume has declined during recent gains, reinforcing the impression of weakening demand.
XRP Whales Show No Signs of Renewed Accumulation
The $2.65 area now serves as a key support. If broken, analysts expect a move toward the 20-week and 50-week exponential moving averages, located near $2.55 and $2.06, respectively. These levels represent natural correction zones after the recent overheated rally.
So far, there’s no sign of renewed accumulation from whales. Reversing the bearish pressure would require sustained daily inflows of at least 5 million XRP from large wallets. Without that, the market structure remains weak.
While XRP’s long-term outlook will depend on institutional adoption and regulatory developments, its short-term scenario remains vulnerable. The absence of support from major holders makes it difficult to establish a strong recovery at current levels.
At the time of writing, XRP is priced at $3.04 per token, up 1.5% on the day. Its trading volume is down 4% from the previous day but still exceeds $4.8 billion in daily activity
