XRP Hovers at Key $3 Threshold With Volume Jump and Whale Sell-Offs

Whale sell-offs of roughly $1.9 billion are testing whether support around $2.80 holds.

Overview

Daily trading volume surged about 48% to $5.9 billion, levels that can signal either accumulation or liquidity-driven reversals.
On-chain data shows whales have offloaded approximately $1.9 billion in XRP, tightening liquidity and raising downside risks.
Immediate support aligns with the 20-day EMA near $3.07, with additional demand zones at $3.00 and $2.80 and longer-term EMAs at $2.92, $2.70 and $2.43.
A failure to defend these supports could trigger a deeper pullback toward the 50- and 200-day EMA bands, while a rebound may set up a fresh rally.
Analysts identify resistance at $3.40 and $3.66 as pivotal breakout points that could propel XRP toward mid-$3 to $4.19 targets if buyers reassert control.