XRP is under pressure from large holders selling off, which is contrasted by increasing buy orders from retail investors. The crucial barrier lies at 3.20 USD, with 2.90 USD as a support level. The U.S. Tax exemption for certain cryptos may lead to a rise in demand for XRP.
As the market stabilizes, continued whale selling may lead to increased volatility, affecting short-term investments. If XRP can hold above 3.20 USD, it may pave the way for higher price levels. Nonetheless, failing to maintain that threshold could strengthen support at 2.90 USD.