Coinbase, Binance Whales Set XRP Profit Targets at $15, $32 as Bull Rally Resumes
XRP Faces Major Whale Sell Walls at $15 and $32 as Price Attempts Recovery
XRP is encountering significant long-term selling pressure as whales on Binance and Coinbase maintain large sell walls at the $15 and $32 price levels. The order-book liquidity appears as the token attempts to resume its rally following a recent pullback.
Binance and Coinbase Whales Stack Sell Orders
According to CryptoQuant author CW, Binance whales previously established a sell wall extending to $15, and that liquidity remains in place. Meanwhile, Coinbase whales have created new sell walls reaching as high as $32 this month. CW emphasized the current dynamic in the order books.
“Currently, it is Coinbase whales that are blocking the rise,” CW said, adding that the group has been forming multiple sell walls.
These sell walls represent clustered limit-sell liquidity rather than firm price targets or guarantees that XRP will reach those levels. Analyst ChartNerd cautioned that order-book liquidity is transient because traders can cancel or move their orders at any time. While large sell walls can act as supply ceilings, they do not necessarily signal an impending rally.
XRP Price Action: Pullback and Rebound
The whale activity coincides with XRP’s attempt to recover from a correction after last week’s rally. The token climbed to $1.70 before declining 19.18% over the following days to reach $1.3632. At press time, XRP has rebounded to approximately $1.45, marking its intraday high. The recovery aligns with broader crypto market strength as Bitcoin reclaimed the $80,000 level, reviving bullish sentiment.
Key Technical Levels: Support and Resistance
ChartNerd identified $1.36 as key four-hour support. Immediate resistance sits between $1.51 and $1.55. A successful breakout above that zone opens the path toward $1.80 and $1.94. Conversely, rejection would likely send XRP back toward the $1.36 support area.
$1.54: The Critical Battleground
The analyst highlighted a confluence between XRP’s lower-timeframe resistance and the weekly 50 EMA (Exponential Moving Average) around $1.54. He stated that a close above this moving average remains the “main objective” for a continuation higher, as failure to reclaim it could signal renewed weakness.
In a subsequent update, ChartNerd summarized the setup on X (formerly Twitter):
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
This makes the $1.51–$1.55 region a near-term battleground. A move above it could strengthen the bullish case and put the $1.70 high back within reach.
Whale Accumulation Offsets Sell-Wall Pressure
Adding a bullish counter-narrative, CryptoQuant author Darkfost reported that whales withdrew more than 231 million XRP from Binance in a single day, worth over $335 million at the time. The outflows represented a sharp increase from the 90-day average of $40 million and marked the highest level of whale withdrawals from Binance in six months.
Such movements reduce the immediately tradable supply on exchanges, which typically supports a price rally. With whales accumulating XRP off-exchange while major holders maintain large sell walls at higher prices, the market awaits a decisive move.
Whether XRP can overcome the $1.54 resistance and resume its advance remains the central question for traders in the coming sessions.
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