XRP has once again settled at the psychological $2 level after several failed attempts to break above the nearest resistance. Over the past seven days, large wallets holding 1–10 million XRP have offloaded more than 390 million tokens worth over $780 million, increasing pressure on the market and heightening traders’ nerves.

Against this backdrop, long-term holders are partially offsetting the sell-off. The share of XRP supply held by investors who have kept their coins for one to two years has risen from 8.58% to 9.81%, signaling growing confidence. These HODLers prefer to sit through the volatility, helping keep the price around the $2 level and cushioning the blow from whale activity.

The current $2 area remains an important psychological and technical support zone for XRP. As long as the battle between selling whales and accumulating long-term holders keeps the price in the $2–$2.20 range, the market may continue to move sideways. However, a strengthening bearish impulse and continued large-scale selling could push the price below $1.94 and open the way toward the $1.85 area.