XRP whales have offloaded a large amount of tokens ahead of today’s FOMC meeting, a move that may have slowed the token’s recovery.
But long-term holders are still staying put, and their steady behavior continues to support a bullish outlook for XRP.
Why Have XRP Whales Sold Over $700M Since December 5?
Santiment data shows that wallets holding between 100M and 1Bn XRP have sold close to $600M worth of tokens since December 5.
And the selling has not stopped. Since December 7, whales have offloaded another $100M, suggesting that major holders are still taking profits even as the market tries to stabilize. This pressure helps explain why XRP has struggled to break above the $2 level. The token is still up about 5% over the past week, with traders waiting for the Federal Reserve’s interest rate decision later today.
At the same time, trading volumes have picked up. They are up 60% in the past 24 hours and now sit close to $4Bn. That’s about 3% of XRP’s circulating market cap. It shows a clear rise in activity as traders position themselves ahead of the Fed’s rate decision.
XRP’s long-term structure is also holding firm. The token is staying above a key price zone that once capped its previous cycle.
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XRP Price Prediction: Is XRP’s Long-Term Structure Setting Up a Major Breakout?
The analyst who shared the chart on X said the “$XRP long-term chart is looking really good,” noting that the shift in market behavior is becoming more visible as old resistance turns into a solid support base.
The chart points to the importance of the $2 level. This area acted as a ceiling for years, and XRP struggled to break above it during the last cycle.
Now, the latest structure shows a clean flip. What once pushed the price back is now the zone buyers are defending. It’s a classic bullish sign and one that often sets the tone for longer-term trends.
Price action on the chart shows a steady run of higher lows, suggesting that buyers are still active even as the broader market stays fragile.
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The analyst pointed out that institutional demand has picked up, which is clear from the tighter consolidation zones and stronger volume around support. These are usually signs of long-term positioning rather than quick trades. XRP also seems to be building a base above the $2 level, with price moving inside a rising trendline.
This kind of structure often comes before a clear move in one direction. The chart doesn’t show much downside pressure at the moment, and momentum signals hint at a slow recovery after recent weakness.
The analyst said, “If XRP holds above the $2 level, it could begin its next leg up,” calling that line the point where consolidation could turn into expansion. A firm hold above this area may set up a move toward previous cycle highs, supported by the chart’s bullish continuation signs. For now, XRP’s long-term trend still leans positive. The technical picture suggests the early stages of a larger move may already be forming.
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The post Are XRP Whales Blocking a Break Above $2 as Selling Pressure Rises? appeared first on 99Bitcoins.
