XRP Price Rally Stalls Due to Significant Selling Pressure

XRP's recent rally has stalled below a critical volume-weighted average price (VWAP) level tied to its all-time high. The latest price recorded was $2.4375, marking a 2.08% increase but failing to breach the ATH VWAP at approximately $2.47.

Key Points on XRP Market Dynamics

Market selling pressure is evident, with a net outflow of 240 million XRP over the past week.
Most of the selling occurred on Coinbase and Upbit.
Short-term support levels include a one-month VWAP at $2.31 and a three-month VWAP at $2.28.
A drop below the $2.31–$2.33 range could lead to further declines towards $2.20.
Current trading price is $2.36, amidst ongoing selling pressure despite minor increases in Bitcoin's price.

The market remains in a state of conflict between sellers and buyers, impacting XRP's price momentum significantly.