Coinbase XRP Whales Form Massive Sell Walls at $31

XRP whales on Coinbase have created large sell orders up to $31, which could become significant resistance for the token. According to an order-book snapshot by analyst CW, XRP is currently trading at $1.4930 with a mild intraday weakness and moderate activity at 21.056 million in trading volume.

The chart shows that large sell orders start around $5 and continue up to $31, with a more concentrated group between $10 and $15, and another major group between $25 and $31. On Binance, whale sell orders reached $15.

This confirms that XRP is trading far below its main resistance areas, with the first major sell wall around $5 being less than 10% of the way to the current price. The full range of sell orders stretches to roughly 20 times the current price, which would need to be worked through by buyers in case of another strong rally.

A new buy wall has appeared around $1.40, which could provide support if selling pressure continues. Additionally, sell orders are present at every $0.10 level, giving XRP several smaller resistance points before reaching the larger whale sell walls.