XRP is on the brink of hitting its historical high, trading at $3.24, just 4.69% below its record of $3.40. However, signs of potential correction are emerging amid recent sell-offs.
XRP Sales: Trends and Reasons
Since surpassing the $3.00 mark, more than 540 million XRP have been sold, amounting to approximately $1.74 billion in market value. These sell-offs seem to be driven by long-term holder behavior, as they start taking profits amid potential price drops.
> “This fear-driven selling could halt XRP’s push toward new highs, with cautious sentiment now taking hold across the market.” CITE_NA
Where is XRP Heading: Support and Breakout
Currently, XRP has reached $3.24; however, the risk of a short-term correction is significant. If selling pressure escalates, XRP could retreat to the key support level of $3.00. Failure to hold above this mark might lead to a drop toward $2.65, the next major support zone.
That said, if bullish market conditions persist and new demand steps in, XRP still has room to run. A clean breakout above $3.40 could open the path toward $3.80, setting a new ATH.
Conclusion: Where Will XRP Go in the Future?
XRP is at a critical juncture. With only a few percentage points separating it from its historical high, market sentiment, whale behavior, and long-term holder activity will likely dictate its next move. The coming days could be pivotal for XRP’s trajectory in 2025.
The situation around XRP remains tense, and upcoming market changes may determine its future direction.
