XRP has experienced increased volatility over the past few days, reflecting a collision between selling pressure and long-term accumulation.
Although price fluctuations remain subdued, the recovery remains uncertain as investors react differently to changes in market conditions. Despite these challenges, XRP has managed to maintain a broad upward trend since early 2026.
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Mixed feelings among XRP holders
Selling pressure has been a clear headwind for XRP this month. XRP holdings on centralized platforms have increased by about 206 million tokens since the beginning of January, according to exchange balance data. The total exchange balance currently stands at nearly 1.66 billion XRP, indicating sustained distribution.
At current prices, this move means approximately $430 million worth of XRP will go up for sale within two weeks. Such consistent inflows to exchanges often reflect a decline in trust among short-term participants. If this trend continues, short-term supply could increase and weigh on prices.
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This pattern suggests that many investors are choosing to avoid risk rather than remain uncertain. Rising exchange balances typically coincide with profit taking or defensive positions. In the case of XRP, this sell-off has so far limited upside momentum, even as the price avoids a significant decline.
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While the short-term sell-off is still evident, longer-term indicators paint a more balanced picture. HODLer Net Position Change has been showing stronger green bars since early January. This indicates that long-term holders are accumulating or holding rather than distributing.
This change in behavior among older wallets helped absorb some of the sell-side pressure. Long-term holders often act as stabilizers during periods of instability, limiting downside price movements. Their confidence has increased since 2026 began, offsetting the impact of currency inflows.
The upward trend of XRP price continues
XRP is trading around $2.11 at the time of writing, above the key support level at $2.10. Since the beginning of the month, the price trend has respected the upward structure. Maintaining this level remains important to maintain current trends.
Mixed signals suggest that XRP may continue to form higher lows over time. However, if selling pressure increases, the token could enter a consolidation phase. In that scenario, the price would likely range between $2.10 support and $2.20 resistance.
A more bullish outcome depends on sellers pulling out. If currency inflows slow and demand improves, XRP could rebound from $2.10 and return to $2.20. If the break is confirmed, it will open the way to $2.31. Recovering losses from November 2025 at around $2.50 is still possible, but it may require patience and sustained accumulation.
