XRP Price Surges 4% as Whale Sell Walls Threaten Rally to $2.15
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On Aug. 23 XRP climbed above $1.50, trading near $1.48 on Bitstamp after a seven-day gain of roughly 46%, with a market cap near $92.72 billion and 24-hour volume around $13.23 billion, reflecting renewed spot demand in crypto markets. However, large whale sell walls from $1.48 to $2.00 and about 2.62 billion XRP held in Binance exchange reserves (≈2.6% of the 100B supply) create meaningful sell-side pressure, putting immediate resistance at $1.48–$1.50 and support near $1.30 while a clean break could expose targets toward $2.15.
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Key Insights
- XRP price surged as buyers tested a dense whale resistance cluster.
- Binance reserves held about 2.62 billion XRP, CryptoQuant data showed.
- Whale sell walls extended toward $2, limiting immediate upside room.
XRP price climbed sharply on Aug. 23 as buyers pushed the token above $1.50. Bitstamp data on TradingView showed XRP near $1.48 later in the session after intraday volatility.
The move put XRP back against a dense cluster of sell orders. Market analyst CW said whale supply remained stacked from roughly $1.48 through $2.00. That structure could slow follow-through despite the latest rebound.
XRP Price Gains as Spot Demand Returns
Bitstamp data showed XRP trading around $1.48 on Aug. 23. TradingView placed the token roughly 46% higher over seven days at publication time. The same feed showed approximately $13.23 billion in 24-hour trading volume.
TradingView also estimated XRP’s market capitalization near $92.72 billion during the session. Its daily volatility reading stood near 5.85%, reflecting the widened trading range. The figures indicated that the move involved broad spot activity, rather than an isolated print.
The attached daily Bitstamp chart showed a rapid rebound from the $1.00 area. Price briefly reached about $1.52 during the latest session. That move followed several weeks of compression near the lower end of its 2026 range.
Trading activity therefore shifted from stabilization toward testing overhead liquidity. However, the rebound still faced several visible supply zones before reclaiming earlier 2026 levels.
XRP Price Faces Dense Whale Sell Walls
CW wrote that whale sell walls sat at $1.4824, $1.69, $1.70, $1.80, $1.95 and $2.00. The analyst linked several recently formed walls to large Coinbase-linked accounts.
CW also identified a whale buy wall near $1.30. That level could provide support if the XRP crypto price retraced from current resistance.
In a later post, CW said the nearest sell wall had not broken. The analyst added that a successful break could leave limited resistance toward $2.15.
Those observations describe order-book positioning, not guaranteed price outcomes. Large resting orders can move, disappear or execute before price reaches them.
The attached Fibonacci chart placed the 2.618 extension around $1.45. It marked higher extensions near $1.63 and $1.74. Those levels closely overlap the reported sell-wall cluster.
The same chart showed XRP trading above the 2.618 extension during the session. Holding above that area would keep the next technical zone in focus.
The $2.00 area remains the upper edge of CW’s reported resistance cluster. Beyond it, the analyst’s next stated level was $2.15.
XRP Price Meets Elevated Binance Exchange Supply
CryptoQuant data showed Binance holding about 2.62 billion XRP in exchange reserves. The attached reserve chart shows that the balance is below the earlier 2025 peaks above 3 billion tokens.
CryptoQuant defines exchange reserve as assets held in wallets controlled by an exchange. Its methodology treats rising reserves as greater potential sell-side availability.
The reserve figure also matters because exchange balances can influence near-term liquidity. Coins held on exchange-linked addresses remain easier to trade than self-custodied balances. However, reserves alone cannot identify holder intent or future market orders.
The reserve line trended lower through much of 2026 before stabilizing near current levels. That decline reduced the amount of XRP visible in Binance-linked wallets versus earlier periods.
Still, 2.62 billion tokens represented a large immediately accessible exchange balance. That supply could matter when spot buyers test concentrated resistance.
CryptoQuant also warned that historical XRP entity data can shift after wallet-clustering updates. The provider periodically adds and validates exchange-linked addresses.
XRP Ledger documentation states that XRP has a maximum supply of 100 billion tokens. Binance reserves therefore represented about 2.6% of that fixed maximum supply.
That comparison does not measure circulating sell pressure directly. It only shows the scale of Binance-linked holdings against XRP’s protocol-level supply cap.
Next Resistance Could Decide the XRP Crypto Price Move
The next test sits around the $1.48 to $1.50 zone. CW’s order-book data placed the first whale sell wall inside that range.
A clean break would shift attention toward the next Fibonacci extension and higher whale orders. Those technical markers sit above the current breakout area.
Failure to hold the breakout area would shift attention back to $1.30. CW identified that price as the main whale buy-wall zone.
Bitstamp price action and exchange reserves now provide separate signals. Price momentum improved, while available Binance supply remained elevated in absolute terms.
Traders will next watch whether buyers absorb the reported first sell wall. A confirmed break would expose the higher resistance band.
The post XRP Price Surges 4% as Whale Sell Walls Threaten Rally to $2.15 appeared first on The Coin Republic.
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