XRP is back at the $2 mark again.

The last few attempts to break higher have all been pushed back. This price level has now become a psychological barrier, and the market’s hesitation is clearly reflected in the candlestick charts. Every time there’s a bit of upward momentum, sell orders come in and drag the price back down to this level.

What’s even more interesting is the activity of the whales. Over the past week, addresses holding between 1 million and 10 million XRP have started cashing out. Rough estimates show that this move involves about $783 million. These whales usually don’t make many moves, so their sudden action suggests a real shift in market sentiment.

Short-term resistance is like a steel wall—breakouts are weak. Now it’s all about whether $2 can hold. If this level is lost, it’s hard to say where the next support lies. For now, holders are feeling pretty conflicted—should they keep waiting or follow the whales? That’s the question.