Massive XRP Sell-Off – What Does This Mean for Ripple’s Future?
Large investors, known as XRP whales, have transferred over 81 million tokens to exchanges in the past 24 hours, raising concerns about further price movement. This comes as XRP has dropped by 3%, facing pressure despite positive market developments. Could this mean that Ripple’s price is heading below the crucial $2 mark?
🐋 XRP Whales Offload Millions of Coins
According to Whale Alert, several large XRP holders have moved massive amounts of tokens to exchanges:
🔻 Whale r9ZMd…eKD9c sent 29.53 million XRP to Coinbase.
🔻 Another whale rGdKQ…Enp1k transferred 52 million XRP to Bybit, further weakening market sentiment.
🔻 However, a different investor recently accumulated 20 million XRP through Gemini, suggesting mixed strategies among major players.
These movements reflect a divided market—while some whales are selling, others are accumulating, making XRP’s next move uncertain.
📉 Will XRP Drop Below $2? Key Levels to Watch
Crypto analyst CasiTrades warns that if bears continue to dominate, XRP could slip below the $2 mark.
🔸 If Ripple holds support at $2.82, a recovery is possible.
🔸 If it breaks below, the next critical support levels are $2.18 and $1.96.
This downward trend coincides with continued whale sell-offs, which could further impact market sentiment and increase selling pressure.
🔮 What’s Next for XRP? Will the Rally Continue?
Currently, XRP is trading at $2.48, with:
📊 24-hour trading volume surging by 70% to $3.99 billion.
📊 Daily high: $2.60 | Daily low: $2.44.
📊 XRP futures open interest dropped by 2.5%, signaling weakening trader confidence.
However, not all is lost!
📈 Rose Premium Signals predicts that if XRP breaks above $2.75, it could target $4.95 next.
📈 EGRAG CRYPTO agrees, stating that if XRP holds support at $2.65, the rally could resume.
🚀 Some forecasts even predict XRP reaching $5 if market momentum strengthens!
📢 What’s your take? Will XRP stay above $2, or are we heading for a drop? Share your thoughts!
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