Is XRP Heading Toward $1? Whale–Holder Fight Decides What’s Next for Price
XRP worth is beneath contemporary strain after a pointy rejection close to its current highs. The token is down practically 10% over the previous 24 hours and stays about 13% beneath the $1.67 degree reached on February 15. This decline isn’t just a routine pullback.
It displays a deeper shift beneath the floor: XRP whales have begun promoting, whereas long-term holders (HODLers) try to soak up that provide. The consequence of this whale–HODLer combat might play a decisive position in XRP worth prediction over the approaching weeks.
Rising Wedge and Bearish Divergence Show Sellers Are Defending Key Levels
XRP worth has been buying and selling inside a rising wedge sample since early February. A rising wedge is a bearish chart construction the place worth strikes increased inside narrowing trendlines, however the advance turns into weaker over time. This sample usually ends with a breakdown, and the present construction factors to a possible 26% correction if help fails.
Momentum alerts already warned that weak point was constructing. Between January 26 and February 15, the XRP price shaped a decrease high, that means every rally peak was weaker than the earlier one.
However, throughout the identical interval, the Relative Strength Index, or RSI, shaped a better high. RSI is an indicator that measures shopping for and promoting energy. When the value weakens, however the RSI rises, it creates a hidden bearish divergence.
This alerts that the upward transfer is shedding actual help, and the prevailing XRP worth downtrend would possibly proceed.
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This divergence performed out on February 15, when the XRP worth briefly surged to $1.67. Instead of breaking increased, above the bearish wedge, the candle shaped an extended higher wick. This wick reveals sellers stepped in aggressively and compelled the value decrease.
Since that rejection, the XRP worth has already dropped about 13%. The pullback has pushed the token near the decrease boundary of the rising wedge, placing the breakdown threat in focus. This technical weak point has turn into a central think about XRP worth prediction, because the construction now favors sellers except patrons regain management.
XRP Whales Sell Millions While Holders Try to Prevent a Breakdown
The rejection close to $1.67 was not random. On-chain knowledge reveals XRP whales have been actively promoting through the rally. Wallets holding between 100 million and 1 billion XRP lowered their holdings from 8.59 billion to eight.58 billion XRP. This means roughly 10 million XRP, roughly value about $15 million at present costs, was offered throughout this era.
Smaller XRP whales holding between 10 million and 100 million XRP additionally offered closely. Their holdings dropped from 10.91 billion (as of early February 12) to 10.87 billion XRP at press time. This represents one other 40 million XRP, value roughly $60 million, getting into the market. Combined, XRP whales offered practically 50 million XRP, value about $75 million, through the current rally try.
At the identical time, long-term holders have began shopping for. The Hodler Net Position Change metric reveals holders elevated their positions from round 127 million XRP on February 13 to about 150 million XRP now, a 17% rise. This signifies some traders try to soak up the whale provide and stabilize the market.
However, the dimensions of shopping for stays restricted. On February 1, the identical group amassed over 337 million XRP in a single surge. Compared to that, present shopping for is much weaker, nonetheless down over 55%. This imbalance explains why the XRP worth failed to carry its breakout and why the XRP worth prediction stays unsure.
The market is now locked in a battle between XRP whales distributing provide and holders making an attempt to forestall a deeper correction. And the long-term holders nonetheless would not have sufficient energy.
XRP Price Prediction Depends on Whether $1.26 Support Holds
The most essential degree for XRP price now sits close to $1.26. Cost foundation knowledge reveals that greater than 442 million XRP was amassed between $1.27 and $1.28. Cost foundation represents the value at which traders purchased their cash. When the value returns to this degree, holders usually defend it to keep away from losses.
This makes the $1.26 zone a key chart degree, the ultimate main help earlier than a bigger breakdown. If XRP worth holds above this degree, stabilization might observe, and XRP worth prediction might shift towards restoration. However, if XRP worth breaks beneath $1.26, the outlook adjustments rapidly. Yet the wedge breakdown might begin the second the 12-hour XRP worth candle closes beneath the decrease trendline of the wedge, after which $1.35.
Below this degree, the following help sits close to $1.16, adopted by $1.06. These ranges align with the complete breakdown projection of the rising wedge. This means XRP worth might fall towards the $1 zone if promoting strain continues. Such a transfer would verify that XRP whales have gained management of the pattern.
On the upside, XRP worth should reclaim $1.48 to weaken the quick bearish strain. A stronger restoration above $1.67 would invalidate the wedge sample and sign that patrons have regained management.
For now, XRP worth prediction stays tied to this whale–holder combat. If long-term holders fail to soak up the continued whale promoting, the rising wedge breakdown might push XRP nearer to $1. The coming classes will decide which aspect wins.
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