Overview

• XRP has traded in a narrow $2.14–$2.18 band, defending support at $2.14 and repeatedly testing resistance near $2.18 on June 20.
• Early investors sitting on more than 300% gains have realized profits averaging $68.8 million over seven days, marking the highest distribution pressure in over a year.
• Technical indicators reveal tightening Bollinger Bands, a neutral RSI around 52 and an ascending channel formation that suggest coiling ahead of a potential breakout.
• Long-term holders’ supply overhang has kept XRP from clearing $2.20, while macro resistance near $2.60 remains the next hurdle.
• Broader market caution driven by geopolitical conflicts and an impending U.S. Federal Reserve rate decision may influence the timing and direction of any XRP move.