xrpholders

XRP’s price remains under downward pressure, declining nearly 10% over the past month despite gaining 1.5% this week. The asset continues to trade within a narrow $2.31–$1.98 range, unable to break higher as opposing market forces create a tightening stalemate.

Whale Selling Creates Strong Headwinds

On-chain data reveals growing caution among major XRP holders:

Wallets holding 100M–1B XRP cut their supply from 8.32B to 8.27B XRP beginning December 7.
Holders of 10M–100M XRP trimmed balances from 11.01B to 10.99B XRP on December 8.

In total, whales have offloaded around 70 million XRP, worth roughly $143 million, in just 48 hours. While not massive in scale, the sell-off comes at a critical point, repeatedly preventing XRP from building breakout momentum.

Accumulating Holders Provide Key Support

Short- and mid-term holders continue to accumulate, reflecting confidence in XRP’s technical structure. HODL Waves data shows:

1–3 month holders: 8.52% → 10.31%
3–6 month holders: 9.40% → 10.87%

These segments usually buy during weakness, suggesting they expect the market to eventually resolve to the upside.

Falling Wedge Signals Potential — but Not Confirmation

XRP remains inside a falling wedge, a pattern that often precedes bullish reversals. However, the current setup is defined by a clear push-pull dynamic:

Whales are capping upside,
Accumulators are preventing breakdowns.

A confirmed bullish breakout requires a daily close above $2.46. If achieved, XRP could target:

$2.61
$2.83
$3.11

The pattern remains valid as long as XRP stays between $2.31 and $1.98. Falling below $1.98 would weaken the wedge and expose the price to $1.82, a key structural support.

Conclusion

XRP’s price movement is currently dictated by two forces: whale distribution delaying upside and steady accumulation supporting the structure. The market will break only when one side decisively outpaces the other. Until then, XRP remains locked in a tightening consolidation phase.

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