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Profit-taking and technical rejection drag XRP lower despite steady institutional interest
XRP slipped as traders locked in gains after a rebound, with resistance rejection, whale inflows and capital rotation weighing on prices despite stable underlying fundamentals.
XRP traded lower on December 23 as short-term traders booked profits following the token’s recent rebound, pushing prices down to around $1.87. The decline unfolded without fresh negative news, indicating that selling was driven mainly by positioning and technical factors. XRP faced rejection near a key resistance zone, which triggered stop-loss orders and momentum based selling. On chain data also showed higher exchange inflows from large holders, adding near term supply pressure. Analysts note that capital rotation into Bitcoin, Ethereum and faster moving altcoins, combined with a lack of new bullish catalysts, has left XRP vulnerable to consolidation or further short term weakness rather than panic-driven selling.