XRP Whales Set Price Targets as Bull Rally Resumes

XRP's recent price rally has been met with significant resistance from whales on Binance and Coinbase. According to CryptoQuant author CW, both exchanges have major sell walls in place at $15 and $32, respectively.

The presence of these sell walls could indicate that XRP is facing long-term selling pressure at these levels. However, analyst ChartNerd cautioned that these are not firm price targets or guarantees that XRP will reach those levels.

ChartNerd noted that the sell orders represent clustered limit-sell liquidity rather than evidence of an impending rally. Additionally, order-book liquidity is transient because traders can cancel or move their orders at any time.