A paradox that astonishes market observers, despite over 200 million XRP worth nearly half a billion dollars hitting the exchanges in just two weeks, ready for sale. However, the token's price has not only not collapsed, but has maintained an upward trend since the beginning of the year.
Price fluctuations are under control, but the rebound remains uncertain as investors react differently to changing market conditions. Despite these difficulties, XRP has managed to maintain a broader upward trend since the beginning of the year.
XRP holders are showing mixed sentiments.
Selling pressure is a clear obstacle for XRP this month. Data on balances on exchanges shows that approximately 206 million tokens have accumulated on centralized platforms since the beginning of January. The total balance on exchanges is now nearly 1.66 billion XRP, signaling ongoing distribution.
At current prices, this move represents about 430 million USD worth of XRP intended for sale in less than two weeks. Such constant inflows to exchanges often reflect declining trust among short-term participants.
This pattern suggests that many investors are opting to limit risk rather than keep funds in uncertainty. Elevated balances on exchanges typically accompany profit-taking or defensive positions. Meanwhile, in the case of XRP, selling is currently limiting bullish impulses, although the price is avoiding deeper declines.
Furthermore, when short-term selling is evident, the long-term outlook for the altcoin appears more stable. The HODLer Net Position Change indicator shows larger green bars since the beginning of January. This means that long-term investors are accumulating or holding rather than selling.
This change in behavior among holders of older wallets has helped absorb some of the selling pressure. Long-term investors often stabilize the situation during volatile periods, limiting declines. Their conviction has been growing since the beginning of 2026, countering the impact of inflows to exchanges.
The altcoin is priced around 2.11 USD at the time of writing, maintaining above the key support level of 2.10 USD. The price structure has maintained an upward trend since the beginning of the month. Therefore, holding this level is crucial for sustaining the current trend.
On the other hand, mixed signals suggest that XRP may continue to create higher lows. However, with increasing selling pressure, the token may enter a consolidation phase. In such a situation, the price is likely to remain between the support of 2.10 USD and the resistance at 2.20 USD.
A more bullish scenario depends on sellers withdrawing. If inflows to exchanges slow down and demand increases, XRP could bounce from the level of 2.10 USD and recover to 2.20 USD. Moreover, a confirmed breakout would open the way to the level of 2.31 USD. Recouping losses from November 2025 near 2.50 USD is possible, although it requires patience and further accumulation.
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