Why XRP Price Faces a 41% Crash Risk Despite Broad Holder Buying?
Summary
The XRP price, trading near $1.86, remains confined within a descending bearish channel that projects a potential 41% drop if key support fails. This technical setup is unusual because on-chain data shows increased buying activity from long-term holders, who reversed a selling trend in late December, and short-term holders are also accumulating supply. However, this buying pressure is being counteracted by significant selling from whale cohorts (1 million to 1 billion XRP holders), who have recently reduced their holdings by substantial amounts. This friction between buyer inflows and whale outflows prevents a clean breakout above the channel's upper trendline. For the bearish structure to be neutralized, XRP must hold above the $1.79 support level, potentially targeting $1.98 and then $2.28. Failure at $1.79 risks a breakdown toward $1.48, which would expose the full 41% downside risk toward $1.27.
(Source:BeInCrypto)