XRP is facing renewed selling pressure after major holders off-loaded nearly 200 million tokens in just 48 hours, adding momentum to an already fragile market structure.
In this line, wallets holding between 1 million and 10 million XRP have sharply reduced their balances, marking one of the steepest two-day declines in whale holdings this quarter, according to on-chain data from Santiment shared by Ali Martinez.
The sell-off aligns with XRP’s ongoing downward trend, as prices drift toward the lower end of their range.
Whale activity shows large holders steadily reducing exposure, signaling weakening confidence. If bearish momentum accelerates, XRP could retest the critical $2 support zone, and a failure to hold above it may lead to deeper losses.
This potential decline comes as XRP has recorded 716 whale transactions worth over $1 million each, the highest count in four months and a strong signal of renewed large-holder activity.
The surge raises questions about whether whales are accumulating or offloading positions, as spikes in high-value transfers often precede significant price moves.
If whales are buying, the activity could support a short-term rebound; if they are distributing, it may reinforce the current downtrend and increase the risk of a sharper pullback.
XRP price analysis
By press time, XRP was trading at $2.26, up 0.28% in the past 24 hours with modest intraday movement.
At current levels, XRP remains well below its key simple moving averages, signaling sustained downward pressure.
The 50-day SMA at $2.57 acts as near-term resistance, roughly 12.7% above spot, suggesting that strong buying is needed to reclaim bullish territory and potentially test the $2.70 region.
Meanwhile, the 200-day SMA at $2.65, about 16.2% higher, serves as a longer-term threshold; a decisive break above it could confirm a trend reversal, while failure would leave the token vulnerable to further declines toward $2.
Complementing this outlook, the 14-day RSI stands at 41.5, firmly within neutral territory. This indicates balanced momentum but little conviction for an immediate breakout in either direction.
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