Alex Dudov
⬤ XRP is stuck in a tight range on the hourly chart, moving inside a clear descending channel. There's no net selling happening right now, and the same pattern shows up on Binance. Price is hovering around $1.89 after dropping earlier in the session.
⬤ The chart shows XRP respecting both the top and bottom of the downward channel. After a sharp dip, the candles got smaller and tighter, which usually means things are stabilizing. Volume looks pretty balanced—no big spikes that would signal heavy selling during this consolidation phase.
⬤ The buying and selling pressure indicator sits near neutral rather than diving lower. This lines up with what's happening on-chain: whale wallets aren't doing much, and there's no sign of major selling on Binance or other big exchanges. Without strong pressure either way, price movement seems driven by short-term traders rather than big position shifts.
⬤ These quiet periods with flat whale activity often signal indecision rather than panic. When large holders sit still, downside momentum tends to stay limited even inside a correction pattern. The key question now is whether XRP breaks out of this channel or keeps bouncing within the same range.
Alex Dudov
