Mohammedia – XRP is holding steady above a closely watched price level as signs point to easing selling pressure from large holders, bringing a pause to the sharp moves seen earlier this month.
The token was trading at about $2.06 at the time of publication, down nearly 2% over the past 24 hours.
Over the last seven days, XRP has stayed within a tight range between $2.03 and $2.18, a sign that price action has slowed after recent volatility. While the short-term movement has been muted, XRP is still up around 7% over the past month, though it remains well below its July high of $3.65.
Support has formed near the 50-day moving average, which currently sits around $2.05. This level has held through several pullbacks, with buyers stepping in before losses deepened. Multiple daily closes above that line suggest the market has found a degree of balance, at least for now.
At the same time, trading activity has softened. XRP’s 24-hour spot volume dropped by roughly 33% to about $2.9 billion, pointing to reduced participation.
A similar trend is visible in derivatives markets, where futures trading volume and open interest have both declined. When these metrics fall together, it usually reflects traders trimming positions rather than taking on new risk.
On-chain data also shows a notable shift. According to CryptoQuant, large XRP transfers to Binance have fallen to their lowest levels since 2021.
Such transfers are often linked to selling, as large holders typically move tokens to exchanges when preparing to exit positions. The sustained drop in these flows suggests fewer tokens are being positioned for immediate sale.
What stands out is that this decline in exchange inflows has taken place while XRP’s price has remained relatively stable. That combination points to reduced near-term supply pressure in the market.
From a chart perspective, XRP has rebounded from the $1.95 to $2.00 area and has since posted slightly higher lows, indicating that the earlier downward move has stalled.
Gains, however, have been capped in the $2.25 to $2.30 range, where previous selling activity continues to weigh on price.
Momentum indicators remain neutral, with no clear signal of either strong buying or renewed selling.
For now, XRP is trading in a narrow band as volumes cool and large exchange inflows stay subdued, leaving the market in a quieter phase as it waits for a clearer direction.
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