XRP rockets 21%—but whale clusters signal imminent pullback

XRP’s bull run hits a wall of resistance as on-chain data reveals concentrated sell orders. Traders brace for a classic ’buy the rumor, sell the news’ pattern—because when has crypto ever followed logic?

Key levels to watch: The $0.55 support zone could become a battleground. Meanwhile, institutional wallets are quietly accumulating—proving once again that retail always arrives late to the party.

Sellers get absorbed by buyers

Recent market analysis by CryptoQuant suggests that selling pressure is growing as XRP’s Taker Buy/Sell Ratio slides lower.

A drop in this ratio below 1 implies that the broader derivatives market is selling. At press time, XRP had a reading of 0.9361, indicating more sellers than buyers.

Source: CryptoQuant

However, this high selling volume hasn’t reflected in price movement, as it continues to rise. According to the analysis, Binance traders have been actively driving the rise in XRP’s price.

At the time of writing, XRP’s Open Interest on Binance had risen from a low of $530 million to a current high of $1.5 billion.

Market bias among Binance traders was determined using the funding rate. The Funding Rate didn’t give a potential direction, as the market remains undecided with a neutral reading.

Source: CryptoQuant

An analysis of the funding fee provides insight into traders’ actions. Despite rising short positions, the funding rate continues to drop, signaling a market squeeze.

AMBCrypto’s review of Binance’s Taker Buy/Sell Ratio confirms a bullish trend. At press time, the ratio stood at 3.3497, showing that buyers remain in control despite increasing short contracts.

If Binance traders sustain or boost their buying volume, XRP could be set for a significant MOVE soon.

Retail spot traders aren’t left out

Spot retail traders are also participating in the current market move and have contributed to XRP’s rally.

In the past 24 hours alone, this group of traders has purchased $17.06 million worth of XRP, bringing the past week’s total purchases to $94.41 million.

While these activities are predominantly bullish, liquidity clusters suggest a slight decline to the $2.50 region could occur.

Source: Coinglass

At that level, unfilled orders remain, and price often moves toward such zones. A dip to $2.50 WOULD be minimal, given that XRP is currently trading at $2.58—a slight $0.08 decline.

From these cluster levels, price typically rebounds, maintaining its bullish momentum.