Key Takeaways

Why is XRP facing caution now?

Whales unloaded 160 million XRP in two weeks, while Stoch RSI at 88.89 flagged extreme overbought conditions, raising volatility and retracement risks.

What levels matter for XRP next?

Fibonacci targets sat at $3.80 and $4.49, but a handle retest near $3.00 could decide continuation.

Whales unloading 160 million Ripple [XRP] in just two weeks has sparked caution in the market, as such concentrated selling often drives volatility and liquidity stress. 

Historically, whale exits have acted as catalysts for short-term corrections, particularly when retail demand cannot offset supply.

By the way, this latest round of distribution coincided with XRP trading in a delicate technical structure. 

However, whale selling does not always derail longer-term rallies. Often, these moves represent profit-taking rather than a shift to bearish conviction. 

The critical question now is whether this supply shakeout weakens momentum or simply clears the path for continuation.

Will XRP retest the handle before breaking higher?

XRP’s price structure showed a clear cup and handle formation, with the handle breakout occurring through a descending channel. 

Despite the bullish signal, profit-taking appears to be building, which could trigger a retracement.

In this scenario, XRP may retest the upper boundary of the broken handle channel to confirm it as support before advancing higher. 

The Stoch RSI sat at 88.89 at press time, signaling overbought conditions. This suggested cooling momentum and the likelihood of a retracement toward the upper boundary of the broken handle channel.

If buyers defend the retest, Fibonacci levels project upside potential toward $3.80 and $4.49. Failure, however, could risk u

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Author: Erastus Chami