The price of XRP has fallen nearly 10% in the last month, despite a slight gain of 1.5% this week. The quotation remains trapped between $2.31 and $1.98, unable to break through this range significantly. This movement indicates a divided market: whales are selling during moments of strength, while relevant groups of investors continue to accumulate.
The dispute between these two groups keeps the price of XRP within a descending triangle, with no confirmation of a bullish reversal so far.
Whales are reducing positions while major investor groups resist pressure.
Whale activity signals a more cautious stance.
Wallets with balances between 100 million and 1 billion XRP reduced the amount from 8.32 billion to 8.27 billion as of December 7. Another group, with balances between 10 million and 100 million XRP, decreased their position from 11.01 billion to 10.99 billion on December 8. Together, these wallets sold about 70 million XRP in the last 48 hours, moving approximately $143 million at the current price.
Although it does not represent a bleed in token volume, this movement occurs at a sensitive moment — precisely when XRP seeks stabilization. This selling pressure helps explain why all breakout attempts lost strength before gaining traction.
The opposing force comes from short- and medium-term investors, something evident in the HODL Waves. These waves track how many XRP tokens remain immobilized in each time frame, showing the period during which coins stay idle in wallets.
The group between one and three months went from 8.52% to 10.31%. Meanwhile, investors between three and six months increased from 9.40% to 10.87%.
These investors tend to accumulate when they assess that selling pressure is decreasing. The fact that they continue buying after a monthly decline of 10% indicates that they expect a positive resolution of this descending triangle in the future.
Thus, XRP presents a clear dynamic of opposing forces: whales opting for sales while dip buyers maintain their acquisitions.
This contest keeps the price of XRP contained within the same constricting structure.
XRP's price pattern indicates stability while buyers and sellers move in opposite directions.
XRP is forming a descending triangle, a pattern that often anticipates a bullish reversal — but this depends on sufficient buying strength to break through the upper range. So far, the structure acts as a stalemate, with whale sales limiting gains and new purchases preventing sharper declines.
The breakout point is near $2.46, where the descending trendline meets the current movement. The price of XRP needs to close above this level in a daily session to signal a reversal. If this occurs, bullish targets could be $2.61, $2.83, and $3.11.
As the price fluctuates between $2.31 and $1.98, the triangle remains valid. A loss of $1.98, however, weakens the structure and sets the next support reference at $1.82, a value that served as a structural base in previous cycles.
In the current scenario, the trajectory is straightforward: whale sales delay the breakout. The average accumulation maintains the structure. The triangle will only be resolved when one side overcomes the other.
The article 'XRP Rally Faces Obstacles After Whale Sells $143 Million' was first seen on BeInCrypto Brazil.
