XRP Dips 14% As First Sell Wave of 2026 Hits — Yet The Trends Holds
XRP dropped over 14% from its peak, but strong buying from long-term holders and whales suggests this is a correction, not a collapse.Summary
XRP's price has pulled back over 14% since its January 6 peak, marking its first significant sell wave of 2026, likely due to short-term profit-taking. Analysis of On-Balance Volume (OBV) showed weakening buying power during the preceding price rise, suggesting underlying selling pressure.
Crucially, on-chain data indicates that long-term holders and large whales are absorbing this selling pressure. Long-term holders increased their XRP holdings by about 17% during the dip, and wallets holding 100 million to 1 billion XRP also increased their balances significantly, demonstrating accumulation by stronger hands.
Key price levels to watch are resistance near $2.15 and a more critical zone at $2.41, where clearing could reduce downside risk. Immediate support is at $1.97; holding above this level suggests the broader uptrend remains intact, confirming the current dip as a controlled pause rather than a trend reversal.
(Source：BeInCrypto)