XRP Whales Sold 220 Million – How Will This Impact Price?
Summary
XRP is currently in a sideways consolidation pattern, trading between $1.43 resistance and $1.34 support, reflecting indecision in the market. This phase is underpinned by conflicting signals: addresses holding 100 million to 1 billion XRP have sold over 220 million tokens ($305 million) over nine days, introducing consistent sell-side pressure that caps upward movement. However, the selling is measured, and the Realized Profit/Loss Ratio shows holders are realizing profits for the first time in a month. Historically, profitable exits during bear markets can attract fresh capital, supporting stability. For now, the whale selling and profit rotation are offsetting each other, keeping XRP anchored in its range. A bullish signal would require XRP to flip the 20-day EMA into support, potentially allowing a breakout above $1.43 toward $1.51.
(Source:BeInCrypto)