XRP remains below the key psychological support level of $2 as bearish pressure intensifies across the market. The decline in altcoins has accelerated over the past week, prompting significant selling from major holders.
This change in the behavior of large investors has amplified the downward momentum and weakened the near-term outlook for XRP.
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XRP whale changes posture
Whales have decisively shifted from accumulation to bulk selling. Addresses holding 10 million to 100 million XRP have released over 250 million tokens in the last 48 hours alone, with a value of over $480 million.
This wave of selling followed more than 20 consecutive days of accumulation by the same group of holders.
Such a sudden change signals a loss of confidence among large investors who have been supporting XRP’s rise. Their exit could remove an important source of market strength and prolong the decline in XRP. Without renewed confidence from whales, the recovery could further weaken and prices remain under pressure.
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Macro indicators also highlight growing vulnerabilities. The MVRV long/short differential is below zero for the first time in five months, indicating that long-term holders are losing profitability. This shift opens up profit opportunities to short-term holders, who tend to sell quickly when prices rise.
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If the price of XRP rebounds even slightly, short-term holders may capitalize on the gains by selling, potentially limiting any upside. This dynamic often keeps volatility elevated and limits the potential for a breakout.
XRP price may need support
XRP has fallen 23% over the past 11 days and is trading at $1.92, just below the $1.94 resistance. A drop below $2.00 would indicate a major psychological break and reinforce the current bearish mood across the market.
If the whale sell-off accelerates and macro indicators worsen, XRP could fall further toward $1.79 or even lower. With market sentiment weakening, such a move would likely compound losses and extend the current downtrend.
However, if investor support stabilizes or broader market conditions improve, XRP could potentially regain $2.00 as support.
A successful recovery could push the price above $2.14, reversing recent losses and invalidating bearish theories.
