$XRP price is facing long-term selling pressure at $15 and $32 as whales on Binance and Coinbase place major sell walls at those levels as the price resumes its rally.
CryptoQuant author CW said Binance whales had previously established a sell wall extending to $15, and that the liquidity remains in place. Meanwhile, Coinbase whales have created new sell walls reaching as high as $32 this month.
Is This Bullish for $XRP?
According to CW, these are currently the major whale sell walls standing in $XRP’s order books.
“Currently, it is Coinbase whales that are blocking the rise,” CW said, adding that the group has been forming multiple sell walls.
However, the sell orders are not firm price targets or guarantees that $XRP price will reach those levels. Analyst ChartNerd cautioned that the $15 and $32 walls represent clustered limit-sell liquidity rather than evidence of an impending rally.
While large sell walls can act as supply ceilings, order-book liquidity is transient because traders can cancel or move their orders at any time.
Bull Rally Attempts to Resume
The whale activity comes as $XRP attempts to recover from a pullback following last week’s rally.
$XRP climbed to $1.70 last week before declining 19.18% over the following days to reach $1.3632 yesterday. The token has since rebounded, trading at around $1.45 at press time and marking its highest price of the day.
The recovery coincided with strength across the crypto market as Bitcoin reclaimed the $80,000 level, helping revive bullish sentiment.
Still, $XRP faces an important technical test ahead. ChartNerd identified $1.36 as key four-hour support. Meanwhile, he sees immediate resistance between $1.51 and $1.55.
A successful breakout above that resistance opens the way toward $1.80 and $1.94, according to the analyst. Conversely, rejection will send $XRP back toward the $1.36 support area.
$1.54 Remains the Key Level for $XRP
ChartNerd also highlighted a confluence between $XRP’s lower-timeframe resistance and the weekly 50 EMA around $1.54.
He said a close above the moving average remains the “main objective” for a continuation higher, as a failure to reclaim it could signal renewed weakness.
In another update, ChartNerd summarized the setup by saying $XRP’s upside remains under threat until $1.54 is reclaimed.
This makes the $1.51-$1.55 region a battleground for $XRP in the near term. A move above it could strengthen the bullish case and put the $1.70 high back within reach.
Long story short..
You've heard it enough times..
Until $1.54 is reclaimed..$XRP's upside move is under pressure
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 27, 2026
Whale Accumulation Adds to the Bullish Case
The latest sell-wall data follows a major whale accumulation event on Binance. CryptoQuant author Darkfost reported yesterday that whales withdrew more than 231 million $XRP from Binance in a single day, worth more than $335 million at the time.
The withdrawals represented a sharp increase from the 90-day average of $40 million and marked the highest level of whale outflows from Binance in six months.
Such movements reduce the amount of $XRP immediately available for trading on exchanges, which supports a price rally.
With whales accumulating $XRP away from exchanges and major holders maintaining large sell walls at higher prices, it remains to be seen whether $XRP can overcome the $1.54 resistance and resume its advance.