XRP Selling Pressure Stalls Price Action

XRP Faces Selling Pressure, Struggles to Surpass Key VWAP Level

• XRP is trading at $2.4375, up 2.08% but below the all-time high VWAP level of $2.47.
• A net outflow of 240 million XRP occurred across spot venues in the past week.
• 180 million XRP units were reportedly sold on Coinbase and Upbit.
• Short-term support levels are at a one-month VWAP of $2.31 and a three-month VWAP of $2.28.
• XRP’s price is currently at $2.36, with significant selling pressure affecting upward movement.

The XRP market is experiencing significant selling pressure, with the price unable to surpass the key volume-weighted average price (VWAP) level of $2.47, despite an increase to $2.4375 during the session.