The past few weeks haven’t been kind to crypto, and XRP hasn’t been spared either. The token dropped over 10% in the last two weeks, slid almost 7% in a month, and just recently lost its grip on the $3 mark, trading around $2.8 level.
As of this writing, the XRP is exchanging hands at around $2.87 with a 24-hour loss of 0.48%.
Source: CoinMarketCap
Data shared by analyst Ali Martinez shows that Whale activity in XRP has surged, with over 120 million tokens—valued at approximately $345 million, accumulated in just three days.
Such large-scale purchases highlight growing confidence among institutional players and long-term investors, even as the broader market shows signs of caution.
This kind of buying pressure often signals strong conviction in future price growth and can provide a supportive floor for the asset.
At the same time, XRP has been holding firmly above the $2.70–$2.80 support zone, an area that has historically fueled upward rallies.
The combination of heavy accumulation and resilient support suggests the asset is at a crucial turning point, where sustained buying could spark a breakout, but failure to hold this level could reignite bearish momentum.
XRP consolidates below $3 with weak momentum signals
The XRP daily chart shows that the price is moving sideways after a recent rally, with slight bearish pressure as it struggles to hold above the $2.85 level.
The nearest support is around $2.80, while resistance sits between $2.95–$3.00, making this zone critical for the next directional move.
1-day XRP price chart, Source: TradingView
The MACD is flat near the zero line, showing weak momentum and indecision in the market. The histogram bars confirm reduced volatility, pointing to consolidation.
The RSI (14) at 46.15 is at the neutral level, suggesting that the market is neither oversold nor overbought.
What’s next for XRP?
XRP’s next move hinges on whether it can maintain support around $2.80 while overcoming resistance near $2.95–$3.00. According to market analysis done by CoinLore, XRP needs to stay above $2.78 for the bullish momentum to hold.
Notably, whale accumulation and strong buying interest suggest potential for a breakout if momentum strengthens, although technical signals from the flat MACD and RSI below neutral keep the risk of further consolidation or a bearish dip on the table.