Overview

• XRP is trading around $2.86–$2.90 in a tight $2.80–$3.00 range, with $2.89–$2.93 acting as near-term support and $3.00 capping rebounds.
• On-chain data show institutional-sized turnover of roughly 155 million XRP during recovery windows, keeping volumes elevated despite the drawdown.
• Large holders have sold an estimated $470 million over 10 days, yet analysts report sustained activity and retail accumulation that suggest redistribution rather than panic.
• Technical signals have deteriorated with a break below the 50‑day average, RSI near 43 and a softening ADX, while prediction-market odds have flipped to roughly even between $4 and $2 paths.
• Key levels to watch include $2.80, then $2.65–$2.60 and the 2‑week EMA near $2.33 on the downside, with $3.06–$3.30 needing to be reclaimed for upside; longer-term bulls point to Ripple’s planned RLUSD rollout in Japan and recent XRP ETP inflows.