📊 XRP is still up 26% this week, trading at $2.93 after hitting $3.01. But on-chain data hints at a short-term correction. Rising whale activity and exchange reserves resemble past local tops — where 20% dips followed.
🏦 Exchange reserves hit 2.96B XRP on Binance — the highest since Jan 2025. The last similar spike (May) led to a 20% drop from $2.54 to $2.01. More tokens on exchanges = increased selling risk.
🐳 Whale transfers >$1M just hit a 3-month high, often a signal of distribution. These spikes have historically come before price corrections, as large holders sell into strength.
📉 A correction to $2.34 is likely, aligning with the 0.618 Fib level from the $1.90–$3.03 move. This zone acted as a key pullback target in previous cycles.
🛡️ Short-term supports are $2.80 and $2.77 — a drop below these levels could confirm deeper downside. But if XRP holds and exchange reserves decline, bulls may reclaim momentum.
🚀 In that case, XRP could retest the $3.03 high — but for now, caution is warranted.
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