XRP Holds Above $3 Despite Whale Sell-Off and Falling Network Growth

The XRP price has jumped 1.9% in the last 24 hours, to trade at $3.02, on a 20% decrease in the daily trading volume, to $4.84 billion.

XRP’s jump above $3 has led big investors to take profits, with whales selling over 160 million tokens worth about $476 million in the past two weeks. Data from Santiment shows that wallets holding 1–10 million XRP now control 6.79 billion tokens, the lowest level in six weeks. This shows large holders expect lower prices ahead, even with hopes of spot ETF approvals and Fed rate cuts.

XRP supply distribution. Source: Santiment

At the same time, more XRP is moving onto exchanges, which often signals selling pressure. Glassnode data shows reserves on exchanges rose by 665 million tokens since late August, reaching 3.94 billion. With more supply ready for selling, prices could come under pressure.

The XRP Ledger is also showing weaker activity. Daily active addresses have dropped from over 50,000 in July to about 21,000 now. New wallet creation has also fallen sharply, from 11,000 a day earlier this year to only 4,300. This decline in activity points to lower adoption and less user interest.

Falling network usage often comes before price slowdowns or drops since fewer transactions mean weaker demand and liquidity. With whales cashing out, rising exchange reserves, and shrinking network activity, XRP may struggle to hold recent gains and could face more downside in the near term.

XRP Shows Signs of Bullish Reversal Above $3

XRP is showing a bullish reversal after moving back above $3.00. The price has broken out of a falling trendline that kept it under pressure for weeks, suggesting that buyers are regaining strength.

Earlier this year, XRP struggled around $2.50–$2.80 and even made a false breakout in August. But strong support near $2.00 helped prevent bigger losses. Since then, the price has bounced back, and the latest breakout points to growing bullish momentum. Analysts now see a possible target between $3.80 and $4.00 if buyers keep pushing higher.

The Relative Strength Index (RSI) is at 53, slightly above neutral. This shows that buyers have an advantage, but the token is not overbought, leaving more room for upside. A steady move above $3.10 could attract more buyers and lift XRP toward $3.50 and beyond.

If momentum continues, the next big target is the $4.00 level. On the downside, support is at $2.80, followed by $2.50. A fall below $2.20 would weaken the bullish outlook and bring the $2.00 zone back into play.

In summary, XRP’s chart looks more positive now. As long as the price stays above $2.80–$3.00, chances remain strong for further gains. Traders are watching closely to see if this move will lead to a fresh rally toward $4.00.