Whales holding XRP amassed 1.08 billion tokens, increasing their holdings to 10.41 billion XRP, valued at 3 billion USD. This is the highest level since June 2024. Despite this accumulation, XRP’s price remains rangebound, indicating bearish sentiment.

Key bearish indicators include a Balance of Power (BoP) of -0.04 and a Chaikin Money FLOW (CMF) of -0.09, signifying that selling pressure is outweighing buying pressure. This indicates that XRP could test support at 1.99 USD and may potentially decline to 1.88 USD.