Analyst says Coinbase-linked whales are pinning XRP near $1.51

An analyst says large Coinbase-linked holders are using buy and sell walls to keep XRP near $1.51 rather than drive it higher or lower. A chart showed the token consolidating between roughly $1.52 and $1.53, with heavy sell orders above $1.70 and $2.00 and buy orders just below $1.52. Futures data offered a mixed picture: whale long/short ratios on Binance and OKX leaned bullish, with OKX at 8.16, while smart-money sentiment was extremely bullish on OKX, extremely bearish on Bybit and bearish on Binance. Taker volume was nearly balanced at 48.74% long and 51.26% short. XRP ETF (exchange-traded fund) products recorded $13.82 million in net inflows, bringing combined assets under management to $1.441 billion, while daily spot and other XRP ETF volume exceeded $207 million. XRP has gained more than 50% in seven days after rising more than 65% and briefly becoming the fourth-largest cryptocurrency by market capitalization, although it later returned to fifth.

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