XRP Price Surges 4% as Whale Sell Walls Threaten Rally to $2.15
Key Insights
- XRP price surged as buyers tested a dense whale resistance cluster.
- Binance reserves held about 2.62 billion XRP, CryptoQuant data showed.
- Whale sell walls extended toward $2, limiting immediate upside room.
XRP price climbed sharply on Aug. 23 as buyers pushed the token above $1.50. Bitstamp data on TradingView showed XRP near $1.48 later in the session after intraday volatility.
The move put XRP back against a dense cluster of sell orders. Market analyst CW said whale supply remained stacked from roughly $1.48 through $2.00. That structure could slow follow-through despite the latest rebound.
XRP Price Gains as Spot Demand Returns
Bitstamp data showed XRP trading around $1.48 on Aug. 23. TradingView placed the token roughly 46% higher over seven days at publication time. The same feed showed approximately $13.23 billion in 24-hour trading volume.
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