XRP Price Consolidates at $2.44 Amid Key Supply Zones and Whale Activity
XRP's price is currently consolidating around $2.44, caught between a critical support level at $2.10 and resistance at $2.80. Recent data from Glassnode highlights significant whale activity, with 1.65 billion XRP acquired at the support zone and nearly 4% of the supply concentrated at the resistance level. This has created a battleground for bulls and bears, with whale-dominated trading seeing 2.23 billion XRP dumped on exchanges between October 14-15, erasing $10 billion in market value. The current market dynamics suggest a pivotal moment for XRP as it navigates these key supply zones.
XRP Price Consolidates at $2.44 Amid Key Supply Zones and Whale Activity
XRP's price hovers NEAR $2.44, caught between a critical support level at $2.10 and resistance at $2.80. Glassnode data reveals 1.65 billion XRP were acquired at the support zone, while nearly 4% of supply sits at the resistance level, creating a battleground for bulls and bears.
Whale activity dominated recent trading, with 2.23 billion XRP dumped on exchanges between October 14-15. The sell-off erased $10 billion in market value, highlighting institutional distribution pressure. Daily trading volume remains robust at $5.8 billion, suggesting continued interest despite the consolidation.
Market participants await either a breakout above $2.80 or breakdown below $2.10, with ETF speculation and regulatory developments serving as potential catalysts. The current equilibrium reflects a temporary truce between accumulation at lower levels and profit-taking near yearly highs.
XRP Price Prediction: 2017-Like Bull Run Potential Emerges
XRP's recent volatility mirrors patterns from its historic 2017 rally, sparking speculation of another major upward move. The token's October flash crash to $1.25 and subsequent rebound to $2.40 within hours formed a technical structure resembling the capitulation bottom that preceded its 5,000% surge six years ago.
Analysts note striking similarities between current price action and the 2017 setup, when XRP recovered from a 58% drop to eventually peak above $3. The July 2025 spike to $3.66 and subsequent correction may represent institutional accumulation before a potential breakout.
