XRP prices are trading at $2.83 after a 2.67% decline in the last 24 hours and extending the weekly decline to about 7.5%. Despite this pullback, Ripple’s tokens remained higher than 30% over the past three months, indicating they are still on a wider upward trend.
At the same time, signs that a rebound may be forming are beginning to flash. Measures of whale behavior, exchange flow, taker buy and sell ratio, and momentum all indicate potential recovery. Can XRP price forecasts include pushes above $3?
Exchange Inflow Value Bands Show Whale’s Perseverance
The first signal comes from the exchange inflow value band. This measures the amount of XRP that is flowing into the Exchange wallet with different transaction sizes.
A large influx zone usually means whales are ready to sell, but the decline suggests they are holding back.
Since August 26th, the influx of Binance’s big value bands has been slowing sharply. Transactions worth 100,000-1 million XRP had fallen by nearly 95% from around 45.6 million XRP to just 2.1 million XRP by August 30th. The inflow of over 1 million XRP fell by almost 93% over the same period.
This steep slope indicates that whales are not moving large quantities of XRP to replace, causing sales pressure to drop.
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Whales show patience, which gives them a strong underlying support for XRP prices. Retailers may sell quickly during the correction, but this suggests that large holders are sitting on the sidelines. It is often a sign that the rebound can last.
Taker Buy-Sell ratio gives tips at the bottom of the market
In addition to the behavior of whales, taker buy and sell ratios provide another important signal. This ratio tracks whether market takers are more aggressive in buying and selling. The above reading suggests a strong purchasing activity, while less than that suggests a stronger sales.
At press, the ratio is 0.90, indicating more sales pressure. At first glance, this looks bewildered. Particularly because retailers tend to dominate this metric because they sell quickly without negotiating prices. And as whales slow down, the low ratio appears to be dominated by retail sellers.
But looking back at August, every time Taker’s buy-sell ratio immersed in less than one, it coincided with the bottom of the local market.
On August 2nd, the ratio fell to 0.88, and XRP prices rose almost 20% the following week. On August 19th, another drop hit the bottom of the locals before the rally. The current reading is now approaching the same level.
This shows that what appears to bearish retail sentiment may actually be setting up another rebound.
When combined with whales that slow the influx of exchanges, Taker’s buy-sell ratio fits a wider story: While retailers may be selling, whales are confident, and historically, this divergence has created the basis for upward movement.
XRP price prediction and RSI levels to watch
The technical chart adds more weight. The relative strength index (RSI) branches out from the price action, with a blinking bull signal.
The XRP prices were lower between August 19th and August 29th, but the RSI was higher during the same period. This bullish divergence suggests that it weakens the downside momentum, strengthening the case of rebound.
The relative strength index (RSI) measures momentum by tracking the speed and size of recent price changes.
For XRP price targets, the first level to watch is $2.84. Daily candles above this level can cause a move to $2.95 and then a psychological barrier of $3.00. The decisive break above $3.33 bullishly reverses the overall trend and confirms a broader XRP price forecast.
However, if XRP falls below $2.72 on the daily chart, bullish cases are ineffective. Such breakdowns indicate that retail-led sales pressure has overwhelmed whale support and turned momentum into bears.
Disclaimer
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