XRP Price Drops to $2.59, Major Sales Raise Concerns

Failed Rise and Selling Pressure on XRP

XRP fell to $2.59 after a failed breakout at the $2.67 resistance level. During this process, a significant increase in trading volume was observed.

Sales from Major XRP Holders

On-chain data shows that major XRP holders are selling. This situation raises concerns about profit-taking among high long open positions.

Support Level to Watch

Investors are advised to monitor the $2.58 support level. A breakdown below this level could signal further declines, while a bounce may target higher resistance levels.