XRP Consolidates as Whale Selling and Weak On-Chain Activity Cap Recovery

XRP continues to trade within a tight consolidation range between $2.15 support and $2.30 resistance, with Friday marking the fourth consecutive day of sideways action. The lack of directional momentum reflects an ongoing standoff between bulls and bears as broader market sentiment deteriorates ahead of the Federal Reserve’s December policy meeting.

Muted retail participation and weak derivatives demand continue to limit XRP’s rebound potential, while macro uncertainty sustains a risk-off environment.

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On-chain activity weakens as whales reduce exposure

On-chain activity on the XRP Ledger has remained subdued for months. Santiment data shows daily active addresses have not surpassed 100,000 since June, and only 19,200 addresses interacted with the XRPL on Thursday — sharply below the mid-June peak of 581,000.

Slowing activity reflects falling user engagement and soft demand, making sustained rallies difficult. At the same time, whale cohorts continue trimming holdings:

• Investors holding 100,000–1 million XRP now control 9.81% of supply, down from 10.06% on November 1 and 10.21% on September 4.
• Addresses holding 1 million–10 million XRP fell to 6.75%, down from 9.76% on November 1 and 10.75% on September 4.

The continued reduction in large-holder supply highlights persistent risk aversion. If selling pressure remains elevated, XRP faces increased downside risk, with a drop below $2.00 becoming more likely.

Technical outlook: XRP stuck sideways below key EMAs

XRP trades near $2.19 at the time of writing, holding beneath several major resistance layers:

• 50-day EMA: $2.36
• 100-day EMA: $2.51
• 200-day EMA: $2.51

All three moving averages cap the near-term upside.

Momentum has improved slightly, with the MACD turning higher above its signal line and a widening positive histogram hinting at early recovery attempts. However, the descending trendline from the $3.66 July all-time high continues to limit gains, with resistance around $2.66.

The Average Directional Index (ADX) at 23.96 signals a weakening trend and supports a consolidation bias.

A breakout above the $2.36–$2.51 resistance cluster (50-, 100- and 200-day EMAs) could strengthen bullish prospects. Failure to clear the 50-day EMA, however, leaves sellers in control and keeps downside risks elevated.

Asian Forex Hub Quick View

• XRP consolidates between $2.15–$2.30 for four sessions straight.
• XRPL daily active addresses slump to 19,200, showing weak participation.
• Whale cohorts offload holdings, increasing downside risks.
• Key EMAs at $2.36–$2.51 cap all recovery attempts.
• Break below $2.15 exposes the $2.00 psychological level.

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