$480 Million in XRP Sold by Whales as Price Dips Under $2

XRP has fallen below the key $2 psychological support level as bearish pressure intensifies across the broader market. The altcoin’s decline has accelerated over the past week, prompting significant selling from major holders.

This shift in behavior from large investors has amplified downward momentum and weakened XRP’s short-term outlook.

XRP Whales Switch Their Stance

Whales have moved decisively from accumulation to heavy selling. Addresses holding between 10 million and 100 million XRP have dumped more than 250 million tokens in the past 48 hours alone, worth over $480 million.

This selling wave follows more than 20 consecutive days of accumulation by the same group of holders.

Such an abrupt shift signals a loss of conviction among large investors who had previously supported XRP’s rise. Their exit removes a crucial source of market strength and may prolong XRP’s decline. Without renewed confidence from whales, recovery momentum could weaken further and keep prices under pressure.

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XRP Whale Holding. Source: Santiment

Macro indicators also highlight growing fragility. The MVRV Long/Short Difference has slipped below zero for the first time in five months, indicating that long-term holders have lost profitability. This shift pushes profit opportunity toward short-term holders, who tend to sell quickly once prices rise.

XRP Price May Need Support

XRP has fallen 23% over the past 11 days and trades at $1.92, sitting just under the $1.94 resistance level. The drop below $2.00 marks a significant psychological break and reinforces the current bearish sentiment across the market.

If whale selling accelerates and macro indicators worsen, XRP could fall further toward $1.79 or even lower. Such a move would deepen losses and extend the current downtrend as market sentiment weakens.