XRP Profit-Taking Caps Rally at $2.80 Resistance
XRP price rose 12% to $2.53 after Trump’s $2,000 stimulus talk, but profit-taking by long-term holders jumped 240% to $220 million daily following a dip from $3.09 to $2.30. Whale addresses holding 1–10 million XRP sold 500,000 tokens in 48 hours, cutting holdings to 6.23 billion XRP. After $650 million of outflows, whale selling has eased, hinting at a potential bottom. Technically, XRP trades in a descending channel and faces key resistance at $2.60 (50-day SMA) and $2.80 (100-day SMA) where 1.86 billion tokens were acquired. A break above $2.70 could open the path to $3 and the seven-year high of $3.66, but ongoing profit-taking and supply clusters may delay a sustained rally. Traders should watch moving-average confluence, resistance levels, and whale activity for clues on the next move.
Bearish
In the short term, rising profit-taking and sustained whale selling increase selling pressure around key resistance levels, suggesting downward momentum for XRP. The failure to breach the 50-day and 100-day SMAs at $2.60–$2.80 reinforces bearish sentiment and may trigger additional sell-offs if traders perceive these levels as firm supply walls. However, the slowdown in whale outflows and the prospect of a break above $2.70 offer a bullish trigger that could resume the rally toward $3 and beyond. Longer-term market stability will depend on whether XRP can overcome these technical barriers and absorb supply clusters. Overall, profit realization and supply-side friction point to bearish risks in the near term, while a successful breakout could restore bullish momentum over the medium term.