The price of XRP has returned to the critical level of USD 2 after multiple failed breakout attempts, reflecting uncertainty in the market
Each attempt to push the price above the short-term resistance has been met with selling pressure that pulls altcoin back to this psychological level
XRP holders are in a tug-of-war
Whale groups have begun to sell coins in large quantities. In the past seven days, wallets holding between 1 million to 10 million XRP have sold over 390 million XRP, valued at more than USD 783 million at current prices
This level of distribution reflects disappointment among high-value holders expecting a strong recovery. Such selling tends to impact market sentiment, especially when coming from groups that can significantly affect liquidity
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Although whale distribution is occurring, long-term holders are resisting selling pressure. Data from HODL Waves shows that the share of XRP supply held by groups with a holding duration of 1 to 2 years has increased from 8.58 percent to 9.81 percent in the past week
This signifies an increased confidence among holders with holding periods of less than one year. They are choosing to keep their tokens even during price volatility. This stability helps keep XRP steady at USD 2, mitigating the impact of whale selling
Currently, XRP is trading at USD 2.00, which is a key psychological and technical support level. In recent days, price movements have repeatedly returned to this point, confirming its importance in maintaining market structure
Due to the opposing pressures between selling from whale groups and accumulation from long-term holders, XRP is likely to continue moving within the range of USD 2.00 to USD 2.20 until clearer new factors emerge to change this direction. A change in sentiment or an improved market condition will be necessary for a breakout from this movement pattern
However, if the downward momentum strengthens and selling from whale groups accelerates, XRP may drop below the support of USD 1.94. This potential breakdown could allow prices to drop as low as USD 1.85, which would undermine all short-term positive expectations
