XRP Hits $2.8 But Whales Dump — Can It Recover?

Key Notes

  • XRP price is currently finding support at $2.8 amid strong whale sell-offs.
  • Despite repeated challenges to hold above $3.0, analysts highlight that XRP’s price trend and RSI remain bullish.
  • Crypto analyst EGRAG Crypto projects a bullish rally for XRP, suggesting a potential move toward $4.

XRP

XRP
$2.82



24h volatility:
0.1%


Market cap:
$168.74 B



Vol. 24h:
$4.64 B

price has been facing continued selling pressure and has struggled to hold past $3.0 on three separate occasions over the past month. The Ripple whales have been selling on the rise, thereby pushing the altcoin’s price to the support of $2.8 every time. Some market analysts continue to remain bullish on XRP as long as this support holds.

Ripple (XRP) Price Correction Comes With Whale Sell-Offs

Ripple-related XRP has slipped to the 5th spot, losing its third position to Binance Coin

BNB
$1 268



24h volatility:
0.9%


Market cap:
$176.25 B



Vol. 24h:
$5.18 B

earlier in October. Once again, the XRP price is testing a crucial support at $2.8 amid the broader crypto market consolidation.


XRP is facing selling pressure as traders adjust positions ahead of key macro catalysts, as Federal Reserve policy and regulatory developments continue to influence market sentiment.

Moreover, the on-chain data shows that XRP whales holding over 1,000 tokens are ramping up their selling activity. According to Whale Flow data, using a 30-day moving average, roughly $50 million worth of XRP is exiting whale wallets each day.

This persistent outflow is creating notable selling pressure and weighing on market sentiment. Analysts point to CryptoQuant flow charts showing consistent net outflows since early 2024.

XRP Whale Flow Data | Source: CryptoQuant

XRP Whale Flow Data | Source: CryptoQuant

The sustained selling has raised concerns, with many analysts warning that the downtrend could intensify. However, now everyone is bearish on the current XRP price movement, with analysts still predicting that the Ripple cryptocurrency can stage a bullish rally ahead.

Analyst Sees Ripple Crypto Heading to $4 and Above

Crypto analyst EGRAG Crypto has labeled XRP as “still bullish,” highlighting strong upward momentum in both price and technical indicators. According to the analyst, XRP’s price trend is on a solid upward trajectory, showing strong buying interest. At the same time, the altcoin’s Relative Strength Index (RSI) is also climbing, confirming increasing momentum.

EGRAG Crypto noted that the slope of the price trend line is around 7, with the RSI slope between 9 and 10, signaling robust bullish conditions. The analyst emphasized that the alignment of price and RSI trends indicates no divergence, suggesting the bullish trend is likely to continue. A close above $4, EGRAG Crypto added, would mark a significant milestone for XRP.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://www.coinspeaker.com/xrp-2-8-whales-dump-recovery/