Key Insights:
- Whales unloaded over $480M XRP, causing pressure as price dropped from $2.30 to $1.95.
- XRP is retesting a crucial weekly support zone that has held firm throughout 2025.
- An ascending triangle remains intact, but a breakdown could shift trend momentum downward fast.
In the past two days, wallets holding 10 million to 100 million XRP have sold off more than $480 million worth of the token. This data points to a sudden shift in behavior from some of the largest XRP holders.
The drop in whale balances began around November 20, following a steady buildup earlier in the month. At the same time, XRP’s price fell from above $2.30 to near $1.95. This overlap suggests the sell-off may have contributed to the recent price pressure. “Large holders might be taking profits or responding to short-term risk,” some have said, though the reason remains unclear.
Key Support Zone Back in Play
XRP was trading near a key weekly support range between $1.80 and $2.10. This level has served as a price floor several times throughout the year. The latest candlestick shows a small bounce after touching this zone.
Charts shared by traders point to this area as a critical line for bulls. If price holds and buyers step in, the recovery could continue. But if support fails, it opens the door to a deeper correction. A close above $2.20 would help confirm strength and shift the focus back toward higher levels.
Pattern Structure Still Intact
Despite the recent drop, XRP was still forming a multi-year ascending triangle. The pattern shows a flat resistance line and rising support, often seen before breakouts. Price has continued to post higher lows, keeping the structure in place for now.
Previous breakouts from this setup have led to fast upward moves. That said, a break below the rising trendline would change the outlook and weaken the case for further gains.
Price Movement Remains Mixed
XRP was trading at $2.03, with a 24-hour gain of 5.8% but still down over 10% for the week. The recent whale exits may continue to weigh on sentiment unless offset by new demand. A bounce above $2.30 could attract momentum buyers. For now, traders are watching whether XRP can stay above $1.80 as pressure builds.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/whales-dump-480m-xrp-in-48-hours/