XRP has experienced increasing volatility in recent days, reflecting a struggle between selling pressure and long-term accumulation.
Price volatility has remained limited, but recovery remains uncertain as investors react differently to changing market conditions. Despite these challenges, XRP has managed to maintain its overall upward trend since the beginning of 2026.
XRP holders show mixed sentiments
Selling pressure has been a clear obstacle for XRP this month. Exchange balance data shows that XRP holdings on centralized platforms have risen by approximately 206 million tokens since the beginning of January. Total exchange balances now stand at around 1.66 billion XRP, indicating ongoing distribution.
Current prices indicate that approximately $430 million of XRP has been prepared for sale within less than two weeks. Such persistent outflows to exchanges often reflect diminished short-term confidence among participants. If this behavior continues, it could impact the price by increasing supply in the near term.
Get more similar token analyses by subscribing to Harsh Notaria's daily Crypto Briefing here.
This pattern suggests that many investors prefer reducing risk rather than holding during periods of uncertainty. Rising exchange balances often coincide with profit-taking or defensive positioning. For XRP, this selling has so far limited the upward momentum, despite the price avoiding deeper declines.
While short-term selling remains evident, long-term indicators paint a more balanced picture. The HODLer's Net Position change indicator has shown stronger green bars since early January. This suggests long-term holders are accumulating or holding rather than distributing.
This behavioral shift among older wallets has helped absorb some of the selling pressure. Long-term holders typically act as stabilizers during volatile periods, limiting downward movements. Their conviction has increased since early 2026, reducing the impact of exchange inflows.
XRP trading near $2.11 at the time of writing this report, maintaining key support at $2.10. The price has respected an uptrend structure since the start of the month. Holding this level is crucial to preserving the current trend.
Mixed signals indicate that XRP may continue forming higher lows over time. However, if selling pressure increases, the token could enter a consolidation phase. In that case, the price would likely move between support at $2.10 and resistance at $2.20.
The more optimistic scenario relies on a reduction in seller pressure. If inflows into platforms slow down and demand improves, XRP could rebound from $2.10 and regain $2.20. A confirmed breakout would open the way toward $2.31. Recovery of losses from November 2025 near $2.50 remains possible, although it may require patience and sustained accumulation.
