XRP is once again under the spotlight as its price climbs to $3.26, with traders eyeing a potential breakout above $3.35. 

A significant drop in whale selling and strong accumulation signals are shaping expectations for the next move. But while momentum is picking up, a failed breakout could send XRP back to $3. This article breaks down the current setup and what to watch next.

Whale Sell Pressure Drops, Signalling a Potential Shift

A sharp drop in large holder activity has become a key point of interest for XRP watchers. Earlier this month, whale-to-exchange flows saw a noticeable spike, peaking at over 43,000 XRP being transferred to exchanges in a single day. This typically signals sell pressure, especially when price action is flat or declining.

However, that figure has now declined significantly, down by 93% to just under 3,000 XRP. This suggests that whales are no longer actively selling into the market at the same scale. 

In previous cycles, such a drop in sell-side pressure has often preceded a period of stabilisation and eventual upside movement.

The reduction in exchange-bound transfers could mean two things. Either whales have completed their sell activity and are now waiting for a stronger market before moving again, or they have begun to accumulate off-exchange. 

In either case, the impact on price is similar: there is now less overhead pressure preventing an upward move.

Still, it’s important to keep expectations grounded. Although this decline in whale flows is positive, the flows are still higher than earlier in the month. It signals a cooldown, not a complete reversal. 

Market participants should watch for confirmation from price action and broader volume trends before assuming a sustained rally.

Overall, the whale behaviour has shifted in XRP’s favour, but whether this translates into a breakout depends on how buyers respond to the current resistance zone.

Read also: XRP Ledger Reaches New Record! Adoption Growing?

Current Resistance at $3.35 Is Crucial for Further Upside

XRP is now trading at $3.26 and closing in on a critical resistance zone at $3.35. This level has been tested multiple times in recent weeks, but buyers have so far been unable to push past it. 

For the current momentum to continue, this resistance must be cleared with strong volume support.

The $3.35 mark aligns with a technical extension level that, if flipped into support, opens the path to further gains. 

Above this, the next targets sit at $3.60 and $3.83. These levels are of interest not only because of their position in previous rallies but also because they sit just below XRP’s all-time high.

However, if price fails to break $3.35 in the coming days, a retracement is likely. The most immediate support lies at $3.00. 

This level has held during previous dips and would be the first area of interest for buyers looking to re-enter on weakness. A clean bounce here could set up a new attempt at the $3.35 breakout.

The situation at this stage is finely balanced. Market structure shows a gradual uptrend, but a rejection at $3.35 without sufficient volume could lead to short-term disappointment. 

Traders watching this move should be cautious of false breakouts or quick reversals, especially in a market that has seen sudden volatility in recent weeks.

The market’s reaction to the $3.35 level will be a strong signal. A daily close above it could bring fresh momentum, while rejection could bring the focus back to consolidation around $3. This makes the next few trading sessions critical for XRP’s direction.

Read also: Ripple Co-founder Moves $140M in XRP 

Accumulation Signals Suggest Quiet Optimism

Beyond whale behaviour and price levels, other indicators are starting to show signs of accumulation. One of the more consistent signals comes from the Chaikin Money Flow (CMF), which measures volume-weighted accumulation and distribution over time.

Currently, while XRP’s price has struggled to push higher, CMF values have been rising. This kind of divergence often points to behind-the-scenes buying activity that is not yet reflected in price. 

It suggests that some market participants are building positions while the price consolidates, anticipating a larger move in the future.

This divergence becomes especially significant when paired with declining sell pressure from whales. Together, they form a narrative of reduced overhead supply and increasing demand. In crypto markets, these conditions can lead to a sharp upward shift when sentiment turns.

However, it’s important to note that CMF is not a timing tool. It tells us that accumulation may be occurring but does not guarantee when that buying will translate into price movement. 

It’s best used in combination with price action and resistance levels, such as the aforementioned $3.35 breakout zone.

Volume trends also appear to support this view. Although trading volumes remain below the peak levels seen earlier in the month, they have begun to climb again, especially during intraday rallies. This could signal growing interest from short-term traders and a gradual return of liquidity.

Overall, the accumulation signals paint a picture of cautious optimism. The quiet build-up of positions, combined with reduced whale selling, suggests that the market is preparing for a larger move. But as always, the final confirmation must come from price.

Read also: These Analysis States XRP Will Reach $5! Is It True?

Conclusion

XRP is approaching a pivotal moment, trading just below key resistance at $3.35. With whale sell pressure down 93% and accumulation signals emerging through indicators like the CMF, there is growing anticipation of a breakout. 

However, failure to clear this resistance could push XRP back toward $3 as the market resets. For traders and investors looking for a secure and efficient way to access XRP and other crypto assets, Bitrue offers a reliable platform with easy-to-use tools and a focus on safety. 

Whether you're holding or actively trading, Bitrue provides a smooth experience across devices and markets.

Read also: Introduction to Bitrue Alpha - Completed Explanation

FAQ

What is the current price of XRP?

XRP is trading at around $3.26 as of the latest update.

Why is $3.35 an important resistance level?

$3.35 has acted as a barrier in recent rallies. A breakout above it could lead to higher targets like $3.60.

What does a drop in whale selling mean for XRP?

It indicates reduced pressure from large holders, which can support upward price movement if demand increases.

What is the downside risk if XRP fails to break $3.35?

If rejected, XRP could fall back toward $3, a key short-term support level.

Where can I trade XRP securely?

You can trade XRP safely on Bitrue, a platform offering secure access, smooth trading, and various crypto tools.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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