The post XRP Tests $2.82 Today as Whales Sell Into Rally appeared on BitcoinEthereumNews.com. XRP price trades near $2.63 after a 13% rally from mid-October lows Whale accounts are selling into the rally, creating resistance near $2.82 Analysts map a decade-long breakout pattern with speculative targets up to $589 XRP has rallied 13% in recent days, climbing from mid-October lows to trade around $2.63. Market data suggests that large holders, or whales, are selling into this rally. This distribution worries traders who are watching both short-term corrections and long-term breakout patterns forming on XRP’s charts. Related: XRP Regression Model Signals Major Upside; Breakout Above $2.76 Key Whales Trim Holdings as Price Nears Key Resistance Data from Ali Charts, shared by analyst Ali Martinez, reveals that addresses holding between 1 million and 10 million XRP have collectively offloaded over 140 million tokens during the recent upswing. This distribution indicates that whales are locking in profits as retail traders drive prices higher. This action creates a divergence between XRP’s price and whale holdings, which often signals selling pressure ahead. Martinez noted that key resistance remains near $2.82, while short-term support lies close to $2.53. If whale selling continues, XRP could dip below $2.50 before finding new buying momentum. A move where accumulation resumes above $2.70 could reignite a strong continuation rally, confirming the next phase of the uptrend. Despite the pressure, momentum indicators remain positive, which suggests short-term weakness may precede another upward push. Related: XRP Price Prediction: $60M Outflows and $1B Treasury Push XRP Toward Key Breakout Analysts See “Violent” Breakout Potential Another market analyst, Amonyx, described the current setup as the beginning of XRP’s “violent phase.” The coin recently broke above a decade-long ascending channel. This technical event previously preceded its historic rallies in 2017 and 2021. According to Amonyx, the weekly chart structure points to potential resistance targets at $7.88, $17.57, and $58.9.… The post XRP Tests $2.82 Today as Whales Sell Into Rally appeared on BitcoinEthereumNews.com. XRP price trades near $2.63 after a 13% rally from mid-October lows Whale accounts are selling into the rally, creating resistance near $2.82 Analysts map a decade-long breakout pattern with speculative targets up to $589 XRP has rallied 13% in recent days, climbing from mid-October lows to trade around $2.63. Market data suggests that large holders, or whales, are selling into this rally. This distribution worries traders who are watching both short-term corrections and long-term breakout patterns forming on XRP’s charts. Related: XRP Regression Model Signals Major Upside; Breakout Above $2.76 Key Whales Trim Holdings as Price Nears Key Resistance Data from Ali Charts, shared by analyst Ali Martinez, reveals that addresses holding between 1 million and 10 million XRP have collectively offloaded over 140 million tokens during the recent upswing. This distribution indicates that whales are locking in profits as retail traders drive prices higher. This action creates a divergence between XRP’s price and whale holdings, which often signals selling pressure ahead. Martinez noted that key resistance remains near $2.82, while short-term support lies close to $2.53. If whale selling continues, XRP could dip below $2.50 before finding new buying momentum. A move where accumulation resumes above $2.70 could reignite a strong continuation rally, confirming the next phase of the uptrend. Despite the pressure, momentum indicators remain positive, which suggests short-term weakness may precede another upward push. Related: XRP Price Prediction: $60M Outflows and $1B Treasury Push XRP Toward Key Breakout Analysts See “Violent” Breakout Potential Another market analyst, Amonyx, described the current setup as the beginning of XRP’s “violent phase.” The coin recently broke above a decade-long ascending channel. This technical event previously preceded its historic rallies in 2017 and 2021. According to Amonyx, the weekly chart structure points to potential resistance targets at $7.88, $17.57, and $58.9.…