🟢 $XRP Alert: Whale Exits Could Signal Trouble – Breakout or Bull Trap?

$XRP is hovering around $3, recently bouncing from a low of $2.78. The 1-hour chart shows a strong rebound pattern: dips toward the EMA(25) are quickly bought, and the price remains above the EMA(99), sustaining short-term momentum. However, the wick rejection at $3.128 points to heavy overhead resistance. The order book confirms this—retail buyers are stacking bids, but large asks from whales are consistently absorbing buying pressure, indicating subtle distribution.

Key levels:

Bullish zone: $2.90 – $3.12

Staying above $2.90 keeps XRP in a bullish position, allowing buyers to confidently defend dips.

A breakout above $3.12 could push momentum toward $3.25 – $3.30.

Falling below $2.88 could quickly turn the chart bearish, with a potential drop to $2.75, where liquidity accumulates.

Fundamentals remain strong:

XRP Ledger now has over 1,000 active nodes, signaling growing decentralization and adoption.

Institutions are exploring tokenization and stablecoin settlements on XRPL, supporting long-term value.

Caution: In the short term, whales are trimming exposure while retail leverage rises, making the market vulnerable to swings.

Conclusion: XRP stays bullish above $2.90, but every upward move is shadowed by whale exits. The $3 level is the battleground—whether this turns into a genuine breakout or a classic bull trap depends on how the next moves unfold.