XRP Whale Inflows Drop to 2021 Lows as $2 Support Holds

XRP Market Overview:

  • XRP is consolidating above $2 amid reduced volatility.
  • On-chain data indicates easing selling pressure from large holders, suggesting a favorable short-term outlook for bulls.

Whale Activity Insights:

  • Reports show a decline in whale transfers to exchanges, with the Whale Transfer Flow dropping to 48 million XRP and rebounding slightly to 56.1 million XRP, the lowest since 2021.
  • This reduction typically signals decreased urgency to sell, helping stabilize prices during consolidation phases.
  • The market may be entering a quieter accumulation phase where breakouts depend on fresh demand rather than panic-driven liquidity.

XRP Ledger Exchange Inflow | Source: CryptoQuant

Market Stability and Potential Trends:

  • XRP's price averages around $2.15, indicating relative stability as whales hold their positions.
  • Historical patterns suggest that low whale inflows can lead to stronger upward trends when demand builds, reducing immediate resistance.

Technical Analysis:

  • XRP trades near $2.06, stabilizing but lacking strong trend conviction.
  • The price remains below key moving averages, highlighting resistance around $2.30–$2.35.
  • Bulls aim to build acceptance above $2.20 to shift the market structure bullish.
  • If XRP falls below $2, downside pressure could target the $1.90 area.

XRP consolidates around key level | Source: XRPUSDT chart on TradingView