XRP remains under pressure after failing once again to reclaim the $2 level, as steady selling by large holders continues to offset growing institutional interest through exchange traded funds. Over the past two months, the token has dropped nearly 22 percent, reflecting a market caught between distribution from whales and inflows from longer term investors. On-chain data shows wallets holding between 100,000 and more than 1 million XRP have been consistently transferring tokens to major exchanges, particularly Binance. This pattern points to planned reductions rather than panic selling. At the same time, the share of supply held by the top 1 percent of wallets has edged lower, signaling a gradual but deliberate trimming of positions by influential holders who often shape short term price action.
Pressure has also been reinforced by weakening holder profitability. Data indicates that only about half of XRP’s circulating supply is currently in profit, leaving a large portion of the market sitting at unrealized losses. This dynamic has made it difficult for the token to build momentum, as each upward move has been met with supply from sellers looking to reduce exposure. Traders note that this type of environment often leads to extended consolidation, particularly when large holders are active. Despite broader strength in parts of the crypto market, XRP has struggled to attract sustained follow through, highlighting how internal supply dynamics can outweigh broader sentiment in the near term.
Countering that pressure is a steady stream of institutional capital flowing into spot XRP exchange traded funds, which have now surpassed $1.2 billion in total assets. The inflows stand out as bitcoin and ether focused funds have seen continued outflows, suggesting some portfolio reallocation toward XRP. Price has so far found support near the $1.85 area, a level closely watched by traders. Holding above that zone remains critical, as a break lower could open the door to deeper pullbacks. Until whales slow their selling or demand strengthens further, XRP is likely to remain caught between competing forces shaping its next move.
