XRP Price Analysis: Whale Activity Slows, Longs Surge — Key Levels to Watch
The post XRP Price Analysis: Whale Activity Slows, Longs Surge — Key Levels to Watch appeared on BitcoinEthereumNews.com.
XRP price keeps slipping from May highs, with weak volume and declining CMF deepening market unease. Some traders are betting on a bounce, as long positions spike and volume jumps 44% in a day. Ripple’s XRP has entered a sharp downturn this week, with the price falling 1.45% today to trade at $2.14. The cryptocurrency has struggled through June under pressure from profit-taking by long-time holders and limited interest from new investors. After peaking at $2.65 on May 12, the price has been falling steadily, testing support levels that have held since January. Investor behavior offers some clues behind the current weakness. On-chain data from Glassnode revealed that holders sitting on more than 300% gains began heavy selling earlier in June. These wallets likely accumulated XRP before its breakout in November 2024. The most notable profit realization came in early June when selling hit $68.8 million per day on a 7-day moving average, marking the first major activity from these early holders in months. Although this wave of selling has eased again, it remains unclear if the pressure has fully subsided. XRP’s price action since March had been relatively quiet until this early June burst, which reintroduced volatility and signaled that long-term investors were still watching the market for exit opportunities. Source: X Waning Volume and Weak Buying Push XRP Closer to Breakdown Technical signals are also raising red flags. The Chaikin Money Flow (CMF) indicator, a measure of buying and selling pressure, is trending downward. If it slips into negative territory, XRP may struggle to maintain its footing above the $2 mark. Volume trends have also been unfavorable, with trading activity shrinking steadily for several months. This fading interest is keeping XRP stuck in a consolidation phase now stretching into its seventh month. Source: Tradingview Despite the bearish technical…
Filed under: News - @ June 22, 2025 10:24 am