Coinbase Whales Keep XRP Price Tied Down

The XRP price is being influenced by large orders from Coinbase whales, which are placing sell and buy walls at key levels to limit sharp price movements.

According to market commentary, these whales have placed sell walls at $1.53, $1.60, and $1.70 on the Coinbase platform, helping to keep XRP within a tighter range.

The recent shift from net selling to net buying could indicate a change in market flow, but it's unclear whether this will lead to significant price movements.

Historical data suggests that when August closes positively, September tends to follow suit 66.7% of the time, which could be a bullish sign for XRP in September.