XRP price today has dropped below $2.20, trading near $2.17 after a wave of heavy whale activity saw more than 200 million XRP move onto exchanges.
The latest XRP price chart shows a 3.5% pullback over the past 24 hours as selling pressure intensifies among large holders. Despite the short-term decline, analysts argue that the broader XRP crypto structure remains intact, noting historical liquidity patterns that often precede sharp recovery moves. Meanwhile, the XRP market cap continues to face pressure as traders assess ETF-driven volume shifts, whale positioning, and evolving sentiment across the digital asset sector.
Whales Offload 200 Million XRP in 48 Hours
A major contributor to recent downside pressure has been accelerated distribution among high-value wallets. According to on-chain data from analytics platform Santiment, nearly 200 million XRP left whale-controlled addresses within a 48-hour window ending November 15. Blockchain researcher Ali (@ali_charts), known for tracking whale netflows and liquidity shifts, noted that this coincided with XRP’s slide from $3 to roughly $2.25, stating, “Whales dumped nearly 200 million XRP in just 48 hours.”
Whales dumped nearly 200 million XRP in just 48 hours, triggering a sharp drop below $2.20. Source: @ali_charts via X
Independent transaction monitoring shows several large transfers to centralized exchanges such as Binance and Coinbase, exceeding $400 million in XRP. Transfers of this size are often interpreted as preparation for potential selling because tokens move from self-custody to more liquid trading venues.
However, this activity followed closely after the launch of the Canary Capital XRP ETF, which recorded $58 million in first-day trading volume, according to ETF flow data. This marks the strongest ETF debut by any cryptocurrency vehicle in 2025, indicating that institutional interest in Ripple’s XRP remains significant despite short-term price fluctuations.
Analysts See “Shakeout,” Not Breakdown
Although the rapid selling has raised concerns within the retail community, several analysts argue that the move aligns with prior “shakeout” patterns observed during market stress. Crypto commentator Steph Is Crypto (@Steph_iscrypto)—who frequently analyzes long-term ranges and sentiment cycles—offered a contrasting perspective, saying: “XRP will bounce HARD. Don’t get fooled now!”
XRP is primed for a hard rebound—don’t get shaken out by the dip. Source: @Steph_iscrypto via X
His accompanying chart aggregates weekly sentiment data from the Crypto Fear & Greed Index and overlays previous major capitulation wicks. The model highlights how historical fear readings near “10 – Extreme Fear” have aligned with price reversals in 2020, 2021, and now 2025. The chart also shows XRP consolidating within a long-term range, with current prices around $2.26 testing the same lower-band levels that preceded prior rebounds.
Community responses echoed mixed views, but several traders emphasized a recurring pattern in which large sell-offs by whales often occur before renewed accumulation.
Key Technical Levels in Focus
A separate analysis from a TradingView market technician provides a more cautious technical view. The analyst—known for using liquidity zones, Fibonacci retracements, and higher-timeframe pattern structures—warns that XRP may be forming a double-top formation on the monthly chart. This classical bearish pattern can indicate slowing momentum at higher levels.
XRP faces a potential bearish breakout toward $1.90 as key supports weaken, despite the long-term bullish structure holding above $1.60. Source: Cryptojobs on TradingView
According to the report:
The $2.10 weekly support remains the immediate level preventing deeper downside.
A weekly close below $1.90 could open a move toward the $1.90–$1.88 support range identified via mid-range liquidity zones.
The 50% Fibonacci retracement, tested multiple times, suggests XRP remains in a slow-descending channel—often viewed as a corrective or accumulation structure rather than a top.
A breakdown below $2.00 could expose the $1.60 demand zone, though the monthly uptrend remains intact above that level.
The analyst maintains a broadly constructive long-term outlook, noting that the XRP Ledger ecosystem, combined with new ETF participation, may support market stability if near-term selling pressure eases.
Sentiment Remains Split but Recovery Still Possible
The latest decline has sparked renewed debate across the XRP community, particularly as traders ask why XRP is down today despite strong ETF inflows earlier in the week. For some, the drop signals short-term vulnerability; for others, it mirrors earlier cycles where heavy whale distribution preceded recoveries.
Market data indicates that the price of XRP today is influenced by both macro sentiment and exchange positioning. XRP’s ongoing role within Ripple’s cross-border payment network, alongside increased attention from ETF issuers and active XRP crypto news cycles, continues to shape investor expectations.
XRP Outlook
The upcoming trading sessions will be important for assessing XRP’s short-term trend. Traders are closely watching the $2.10 level, which remains the nearest support. If sentiment stabilizes and ETF inflows remain steady, XRP could attempt to regain higher levels, though any recovery would require confirmation through volume and structural support.
XRP was trading at around 2.17, down 3.57% in the last 24 hours at press time. Source: XRP price via Brave New Coin
For now, the current XRP price reflects a market adjusting to significant whale-driven supply, with analysts offering measured views that balance caution with long-term optimism. As conditions evolve, the latest XRP news and fresh on-chain data will play a central role in shaping market expectations heading into the final weeks of 2025.