Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns
XRP's recent rally has stalled below a critical volume-weighted average price (VWAP) level linked to its all-time high, currently at approximately $2.47. As of 12:18 UTC-4, XRP/USDT was priced at $2.4375, reflecting a 2.08% increase but unable to reclaim the ATH VWAP. Significant selling pressure has been noted, with a net outflow of 240 million XRP in the past week, primarily from Coinbase and Upbit. Key near-term support levels are identified at a one-month VWAP of $2.31 and a three-month VWAP of $2.28. A breach below $2.31 could lead to further declines toward $2.20. The correlation with Bitcoin has not provided relief for XRP, as upward movements are met with selling pressure. XRP is currently trading at $2.36, caught between sellers and passive buyers.
