XRP Holds Above $1.30 As Whale Transfers Hit $206 Million

Ripple token holders are watching the charts closely today as the asset holds steady above the $1.30 mark. The recent price action comes alongside a huge transfer of tokens to exchanges. Whales moved roughly $206.6 million worth of XRP, sparking discussions about potential sell pressure ahead.

At the same time, futures traders are cooling off by reducing their positions. This shift means the market is less dependent on risky borrowed funds right now. While lower leverage often leads to healthier price moves, the heavy supply sitting near current resistance levels could make a quick breakout difficult.

Traders should keep an eye on whether demand can absorb this incoming supply over the next few sessions. If buyers push through the current wall, XRP might extend its recent gains. Otherwise, a retest of lower support levels remains a real possibility for the popular altcoin.