XRP is experiencing significant selling pressure as its Realized Profit/Loss ratio hits a two-month high, indicating investors are actively locking in gains. This surge in profit-taking reflects confidence in XRP's profitability but also threatens short-term price stability. At the time of writing, XRP is trading at $3.02, barely holding above the crucial psychological support level of $3.
The altcoin recently tested resistance at $3.12 but failed to break through, reinforcing the mixed outlook for near-term movements. Analysis suggests XRP will likely consolidate between $3.07 and $3.02 as bullish and bearish signals remain balanced. A key concern is that continued profit-taking could push the price below $3, potentially triggering a decline to $2.94 or lower.
One positive factor is the behavior of long-term holders, who show neither aggressive accumulation nor significant selling. This consistency provides market stability and has helped anchor XRP above the $3 threshold despite selling pressure from other investor cohorts. However, trading volume has been falling for months, indicating lackluster market interest and explaining why momentum has remained relatively flat since July.