XRP Faces Challenges in Sustaining Rallies Above $2

XRP's price struggles to maintain rallies above the $2 mark due to a substantial sell wall of approximately 1.86 billion XRP coins just below this level. According to NS3.AI, successful rallies necessitate strong buying volume and significant exchange outflows to absorb this supply, a scenario that has only materialized once in early January. While whale accumulation is taking place, it remains inadequate to counteract the persistent sell pressure. As a result, XRP remains at risk of declining if it fails to decisively break above $1.99.