Why XRP Might Struggle to Reach Above $1.50

XRP's recent rally faces significant resistance, signaling a potential pullback:

Whale Sell-Offs:

Last month, whales acquired $85M worth of XRP but has recently transferred a large portion to Binance. Around 50% of their holdings were sold at $1.50, causing the price to drop to $1.35 within minutes.

Increased Selling Pressure:

With more tokens likely to be offloaded, XRP faces heavy downward pressure.

Short-Term Decline Expected:

Without enough buying momentum, XRP may drop toward $1.20 or even $1.00 before stabilizing.

While XRP has shown strength, these sell-offs could delay its ability to maintain higher levels.