Aggressive selling near $2.66 resistance and a major Binance inflow signal short-term distribution while volume data show institutional dip-buying defending $2.55.

News Background

XRP’s rebound from Friday’s sub-$1.58 liquidation lows lost steam overnight as fresh whale activity hit exchanges. A single 23.9 M XRP transfer (≈ $63 M) to Binance coincided with selling pressure that erased early gains. The move came as open interest jumped 2.4 % to $1.36 B, suggesting leveraged positioning remains elevated even after the $32 B market-cap recovery that followed Trump’s tariff-driven crypto rout.

Broader risk markets stabilized as trade-war rhetoric softened, but derivatives desks flagged renewed short build-ups near $2.65–$2.66.

Price Action Summary • XRP traded a $0.11 band (4 %) from $2

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