XRP Dips 14% As First Sell Wave of 2026 Hits — Yet The Trends Holds
XRP worth has pulled again sharply after a powerful begin to the 12 months. Since topping on January 6, the worth has been down greater than 14%. Even after the drop, XRP stays up roughly 11% over the previous seven days, displaying this transfer is extra correction than a collapse.
What issues now is just not the scale of the dip, however who’s promoting, and who’s absorbing it.
Selling Pressure Builds as Volume Weakens Beneath Rising Price
From December 18 by way of January 9, XRP’s price trended higher. During that very same interval, On-Balance Volume (OBV) trended decrease.
OBV tracks whether or not quantity is flowing into or out of an asset. When worth rises, however OBV falls, it indicators that actual shopping for energy is weakening and that sellers are quietly energetic throughout rallies.
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More importantly, OBV is now drifting towards a descending trendline that connects its decrease lows. If OBV breaks beneath that trendline, promoting stress might intensify additional.
This doesn’t but affirm a breakdown. It merely exhibits XRP is facing its first significant promote wave of 2026, doubtless pushed by profit-taking after a powerful run.
That results in the important thing query. If promoting is occurring, who’s doing that? And extra importantly, who’s absorbing that promoting stress now {that a} rebound has stabilized the drop, as XRP has been buying and selling flat over the previous 24 hours?
Long-Term Holders and Whales Absorb Supply During the Dip
On-chain knowledge exhibits the promoting is just not coming from long-term conviction holders.
The Hodler Net Position Change metric tracks whether or not long-term holders are accumulating or distributing. Since January 5, long-term holders elevated their XRP holdings from 47.4 million to 55.4 million XRP. That is an addition of roughly 8 million XRP, a 17% enhance, throughout a interval when the worth was actively falling.
Large whales inform the identical story. Wallets holding 100 million to 1 billion XRP elevated their mixed stability from 8.34 billion to eight.52 billion XRP since January 6.
That is a rise of 180 million XRP, practically $390 million in shopping for stress. This issues as a result of it exhibits the promote wave is being absorbed by stronger palms, not triggering panic exits.
As long-term holders and whales are accumulating, the sell pressure is most likely due to the short-term players.
XRP Price Levels Above Which The Pressure Fades
Even with accumulation beneath, the worth nonetheless must clear the provision above.
Cost-basis knowledge exhibits the primary main resistance sits close to $2.15, the place a big cluster of holders beforehand gathered. A clear transfer above this stage would sign that near-term promoting stress is weakening.
The subsequent and extra necessary stage is $2.41. This zone marks the place the newest sell-off started and represents a heavy provide cluster as properly.
The provide clusters align with the XRP price chart levels. The first near-term resistance is near $2.15 ($2.149 to be precise). A each day shut above $2.41 would considerably scale back draw back danger and reopen the trail towards $2.69.
On the draw back, $1.97 stays the important thing assist. Holding above it retains the broader construction intact. A loss of that stage would sign that promoting stress is not being absorbed.
For now, XRP is in a managed pullback part. Volume exhibits promoting stress has arrived, however long-term holders and whales are actively shopping for into it. As lengthy as accumulation continues and key assist holds, this correction seems to be like a pause within the pattern, not a warning.
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