XRP Under Pressure, But $3 Line Holds Strong (For Now)

XRP has recently noted a steady incline in price, but the bullish outlook is under threat. The altcoin is now on investors’ watch as many holders move to sell. 

This is raising concerns about whether the $3 level can continue holding strong.

XRP Holders Are Selling

The Realized Profit/Loss ratio for XRP is at a near two-month high, signaling that investors are actively locking in gains. This metric shows realized profits have surged, which in part reflects confidence that XRP remains a profitable trade for many market participants.

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However, this trend is a double-edged sword for XRP. While profits confirm bullish sentiment, widespread selling increases pressure on the price. A continued rise in profit-taking could weigh on short-term stability, keeping XRP vulnerable to breakdowns despite broader optimism in the market.

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XRP Realized P/L Ratio.
XRP Realized P/L Ratio. Source: Glassnode

One saving grace for XRP is the behavior of long-term holders. The slight decline in Liveliness shows that these investors are neither accumulating aggressively nor selling significantly. This consistency is helping XRP remain stable even as other cohorts move to offload their positions.

By holding rather than distributing, long-term investors are providing the market with a crucial cushion. This stability has kept XRP anchored above the $3 threshold, preventing a sharper decline that might otherwise have materialized given the selling pressure.

XRP Liveliness
XRP Liveliness. Source: Glassnode

XRP Price Can Bounce Back

At the time of writing, XRP is trading at $3.02, maintaining its footing above the psychological $3 mark. The altcoin recently tested resistance at $3.12 but failed to secure a breakout, reinforcing the mixed outlook for short-term moves.

Going forward, XRP will likely consolidate between $3.07 and $3.02. With bullish and bearish signals in balance, the price may continue trading sideways as investors assess whether momentum can tilt upward or downward.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView

If long-term holders also begin to sell, XRP risks slipping below $3.00. A break under this key support could send the price down to $2.94 or even lower. This would completely invalidating the bullish thesis and exposing investors to sharper downside risk.

Source: https://beincrypto.com/xrp-selling-reaches-high-but-heres-why-it-will-hold/