Coinbase Whales Form XRP Sell Walls Up to $31

Coinbase whales have placed large sell orders for Ripple (XRP), reaching up to $31, creating potential resistance points above its current price. The token's chart shows a wide range of sell orders starting from around $5 and continuing up to $31.

The largest concentration of these orders appears between $10 and $15, while another major group is located between $25 and $31. Binance whale sell orders have reached $15, but Coinbase whales have placed even higher orders at $31.

At its current price of $1.4930, XRP remains less than 10% of the way to the first major sell wall around $5. The full range of sell orders stretches roughly 20 times above the current price, making it a significant challenge for buyers if the token begins another strong rally.

However, futures data shows strong bullish positioning in some parts of the market, with the OKX whale long/short ratio recently hitting 8.16. This indicates a strong preference for long positions among whales on the exchange.