🚨 Whales Dump $130M in $XRP Right Below Resistance — Smart Exit or Signal of What’s Next?
Large XRP holders have quietly off-loaded around $130 million over the past week, and the timing wasn’t random. Almost all of that selling clustered just under the $2.92–$2.93 resistance band, the same zone that keeps rejecting every breakout attempt. Whales are treating that price like a ceiling to unload, not a springboard to push higher.
The only line holding structure right now is the $2.77–$2.80 pocket. That range has acted as a catchment for bids and has stopped price from sliding further. If it remains intact through the next sessions, the selling looks more like controlled profit-taking. If it gives out, it confirms the move was part of a broader de-risking cycle rather than simple rotation.
Order flow shows this wasn’t panic selling. These exits were measured, spaced, and strategically placed into strength—classic whale behavior when they want liquidity without triggering a cascade. What’s missing so far is any counterflow from new large buyers. Without that, even small bounces have no depth behind them.
Nothing flips sentiment until $2.92 turns from a sell zone into actual support. As long as that level keeps acting like a distribution shelf, retail buyers are fighting uphill with no backing. A clean defense of $2.80 would keep the structure intact and leave room for momentum recovery. A break below it flips the whole narrative into early correction territory.
Large XRP holders have quietly off-loaded around $130 million over the past week, and the timing wasn’t random. Almost all of that selling clustered just under the $2.92–$2.93 resistance band, the same zone that keeps rejecting every breakout attempt. Whales are treating that price like a ceiling to unload, not a springboard to push higher.
The only line holding structure right now is the $2.77–$2.80 pocket. That range has acted as a catchment for bids and has stopped price from sliding further. If it remains intact through the next sessions, the selling looks more like controlled profit-taking. If it gives out, it confirms the move was part of a broader de-risking cycle rather than simple rotation.
Order flow shows this wasn’t panic selling. These exits were measured, spaced, and strategically placed into strength—classic whale behavior when they want liquidity without triggering a cascade. What’s missing so far is any counterflow from new large buyers. Without that, even small bounces have no depth behind them.
Nothing flips sentiment until $2.92 turns from a sell zone into actual support. As long as that level keeps acting like a distribution shelf, retail buyers are fighting uphill with no backing. A clean defense of $2.80 would keep the structure intact and leave room for momentum recovery. A break below it flips the whole narrative into early correction territory.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.0644
-3.42%