Over 235 million XRP worth $693 million hit exchanges, signaling heavy selling pressure that could delay the push toward $3.
XRP price is showing signs of recovery after recent turbulence, fueling hopes among investors that the token could soon reach the $3 mark.
However, this upward momentum may face challenges from increased selling pressure unless institutional inflows provide the necessary support.
Institutional interest in XRP has grown considerably, signaling confidence in its long-term potential. In the first week of the month alone, XRP attracted $14.7 million in inflows, making it the second-highest among altcoins, only behind Solana’s $16.1 million. This highlights sustained demand from large investors.
These institutional inflows suggest that XRP continues to be viewed as a reliable digital asset. The growing allocation from professional money managers could serve as a cushion against retail selling pressure. If the trend continues, institutions may help stabilize XRP’s price trajectory and enable a push toward $3.
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Despite the optimism from institutions, XRP is simultaneously facing increased exchange balances. More than 235 million XRP, worth over $693 million, was transferred to exchanges in the past week. This rise indicates heightened selling activity, reflecting a cautious stance among retail and short-term investors.
The sell-offs appear to be fueled by both broader market bearishness and profit-taking after XRP’s recent gains. While these moves allow traders to secure short-term profits, they could weigh heavily on price momentum.
At the time of writing, XRP is trading at $2.95 while holding above its immediate support of $2.94. The price action reflects mixed signals, with institutions backing growth but sellers maintaining pressure. The balance of these forces will shape XRP’s near-term outlook.
If selling persists, XRP could consolidate above $2.94 or slide further to test support at $2.85. Such a scenario would delay its push toward the psychological $3 level, keeping the token rangebound until sentiment improves.
However, if investors opt to HODL rather than sell, XRP could break higher. Flipping $2.95 into support may enable the token to rally toward $3.07. Successfully breaching this resistance would strengthen the bullish case, invalidating the bearish outlook and marking a significant milestone for XRP.
