XRP price holds $1.30 – Can bulls overcome whale selling pressure?

Ripple [XRP] is consolidating after breaking out of a multi-month trendline after gaining 2% in the past 24 hours, at press time. At the same time, the altcoin's daily trading volume was down 34%. Traders are increasingly stacking up long positions as XRP advances the ledger toward post-quantum computing readiness. Net-long positions, ETF inflows & quantum computing According to Coinbase Markets data, traders established the largest cluster of net-long XRP positions around the $1.40 level, with open positions totaling roughly $5 million. Meanwhile, the largest concentration of net-short positions was at $1.50, with an estimated value of $22 million. This means that 97% of the net-long notional was built up above $1.30. This figure probably explains why XRP is holding above this level.

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