Aggressive selling near $2.66 resistance and a major Binance inflow signal short-term distribution while volume data show institutional dip-buying defending $2.55.
XRP’s rebound from Friday’s sub-$1.58 liquidation lows lost steam overnight as fresh whale activity hit exchanges. A single 23.9 M XRP transfer (≈ $63 M) to Binance coincided with selling pressure that erased early gains. The move came as open interest jumped 2.4 % to $1.36 B, suggesting leveraged positioning remains elevated even after the $32 B market-cap recovery that followed Trump’s tariff-driven crypto rout.
Broader risk markets stabilized as trade-war rhetoric softened, but derivatives desks flagged renewed short build-ups near $2.65–$2.66.
The $2.55–$2.56 zone continues to anchor near-term support after repeated high-volume defenses. Resistance is firm at $2.65–$2.66 where profit-taking and whale flows triggered multiple rejections.
Momentum bias leans bearish while XRP trades below its 200-day MA ($2.63), though a sustained reclaim above $2.60 could reset the structure for another $2.70 test. Volume remains the key tell: spikes on dips show institutions buying weakness, but lower highs suggest supply still outweighs demand.
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