Overview

• Price action remains range‑bound, with repeated rejections near $3.05–$3.10 and defenses clustered around $2.94–$2.98, according to multiple trading desks.
• A flagged transfer of 30,507,683 XRP to Coinbase increased exchange inflows, reinforcing reports of a whale distribution phase and heavier sell pressure.
• Derivatives metrics show strength, with CME XRP futures surpassing $1 billion in open interest and market reports citing roughly $25 million in daily institutional inflows.
• On‑chain and order‑flow data depict a split tape: whale outflows and rising exchange netflows versus several days of positive Buy‑Sell Delta from smaller buyers.
• Analysts outline a binary near‑term setup: a break above $3.10 could target $3.30–$3.40, while failure to hold roughly $2.85–$2.94 risks a slide toward $2.66–$2.50.