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Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns

  • XRP's rally attempt has stalled near a key volume-weighted average price level traced back to its all-time high.
  • Selling pressure is evident, with a net outflow of 240 million XRP across spot venues in the past week.
  • XRP is hovering around the monthly and quarterly VWAP levels, facing potential mid-range noise if crucial support levels are breached.
  • XRP's price action hinges on reclaiming the ATH VWAP for a path towards $3.00 or losing $2.20, leading towards high-volume nodes below $2.00.

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