XRP’s Descent: A Tragicomic Dance of Whales and Whimperers 🐳📉

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O, ye hapless souls who dared to trade XRP! The price, once crowned with the laurels of January 6th’s triumph, now plummets 14%, a fall so steep it could rival the existential despair of Raskolnikov. Yet lo! Even in this abyss, the trend persists-a cruel jest, perhaps, from the gods of crypto. Over seven days, XRP clings to a 11% rise, a fragile hope amid the chaos.

What, then, is the true measure of this descent? Not the numbers, but the who. Who sells? Who buys? A question as profound as the void itself.

Selling Pressure Builds as Volume Weakens Beneath Rising Price

From December 18 to January 9, XRP danced higher, yet its shadow-On-Balance Volume-crept lower, a silent omen. When price ascends while volume retreats, it whispers of a world where buyers are but phantoms, and sellers, the architects of ruin.

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OBV now teeters near a descending trendline, a path of despair carved by lower lows. Should it break, selling pressure may erupt like the gates of hell. Yet, dear reader, this is no apocalypse-it is but a first sell wave of 2026, a mere profit-taking frolic.

The question remains: who sells? And who dares to absorb this torrent? XRP, after all, has stabilized, trading flat-a truce in the war between greed and fear.

Long-Term Holders and Whales Absorb Supply During the Dip

On-chain data reveals a truth: long-term holders, the holy warriors of conviction, do not flee. Since January 5th, they’ve amassed 8 million XRP, a 17% surge even as prices weep. A testament to their faith-or madness?

The whales, too, whisper their secrets. Wallets hoarding 100 million to 1 billion XRP have swelled by 180 million-$390 million in buying pressure. A savior’s embrace, or a gambler’s folly? Only time shall judge.

This accumulation, dear reader, is the market’s salvation-or its final illusion. For now, the sell wave is but a tempest absorbed by giants. The short-term players, those wretches, are the true culprits.

XRP Price Levels Above Which The Pressure Fades

Even with accumulation, the path is strewn with thorns. Resistance looms at $2.15, a fortress of past greed. Break it, and the sell pressure may wane-or unleash hell. The next bastion: $2.41, where the recent sell-off began. A daily close above this would be a miracle, or a farce.


Support rests at $1.97, a line in the sand. Should it crumble, the market’s soul will be lost. But hold fast, and the trend may yet endure-a ballet of chaos and hope.

Behold, XRP’s pullback is but a pause-a breath before the next storm. Accumulation persists, support holds, and the trend, like a cursed soul, refuses to die. Until the next chapter, dear reader, tread carefully. The market is a cruel mistress, and the crypto gods laugh as we dance. 🎭🌀

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2026-01-09 22:02