XRP Faces Strong Resistance at $2.67 Amid Whale Sell-Off and Rising Futures Interest

XRP is encountering strong resistance near the $2.67–$2.69 zone, now acting as a major overhead barrier for the cryptocurrency. Support remains anchored around $2.580, reinforced by the 200-day exponential moving average (EMA) near $2.61. The token’s recent price movement highlights an increasingly volatile trading environment, with key indicators suggesting a short-term bearish shift despite a generally bullish long-term outlook.

Over the past 24 hours, XRP slipped from around $2.63 to $2.59 after a failed breakout attempt above $2.67. The rejection triggered a surge in trading volume—nearly 392.6 million tokens, marking a massive 658% increase over the recent average. This price action aligns with a notable spike in open interest for XRP futures, which has climbed to roughly $2.9 billion, nearing early-2025 highs. However, on-chain data reveals that major wallets are actively offloading large holdings, signaling potential profit-taking and adding pressure to the market.

Technically, the rejection from resistance confirms a short-term bearish pivot. While accumulation trends still support the broader bullish case, current signals point toward heightened downside risk. Momentum indicators such as RSI and MACD are showing bearish divergence—price is making higher highs, but momentum is weakening—suggesting the likelihood of a corrective phase.

If XRP holds the $2.58–$2.60 range and buying volume returns, the price could rebound toward $2.70 or even $3.00. Conversely, a breakdown below $2.58 may expose the asset to further declines toward $2.53 or $2.50, especially if whale outflows persist and futures interest contracts. Traders should closely monitor volume surges, open interest trends, and whale wallet movements to assess whether the market is consolidating or entering a deeper correction.