- XRP whales offloaded 230M tokens worth $575M within 48 hours.
- President Trump confirmed the U.S. won’t buy XRP for reserves.
- Technical indicators suggest a bearish trend with key support at $2.14.
Recently reported XRP is under intense selling pressure as whales offload massive holdings amid shifting market sentiment. Over the past 48 hours, large XRP holders have sold more than 230 million tokens, worth approximately $575 million, following President Donald Trump’s announcement that the U.S. government will not acquire Ripple for its digital asset stockpile. This large-scale liquidation has triggered a price decline, with XRP currently trading at $2.33, down 2.27% in the past 24 hours, as per Coincryptonews data. With whale activity rising and bearish technical signals emerging, analysts question whether XRP could drop below the critical $2 level.
Whales Reduce Holdings as Market Sentiment Weakens
Data from Santiment shows that XRP whales holding 10 million and 100 million tokens have significantly reduced their holdings, now at their lowest levels in over a week. Ali Martinez, a top analyst on X, noted that whale activity on the XRP network has increased over the past three weeks, adding pressure to the asset’s price. This selling wave aligns with Trump’s declaration that the government will not buy additional cryptocurrencies for its reserve beyond those obtained through forfeiture proceedings.
Bitcoin advocate Samson Mow attributed Trump’s decision to the absence of clear regulatory guidelines, stating that including XRP in the U.S. Digital Asset Stockpile could set a precedent for adding other speculative assets. He emphasized that Ripple CEO Brad Garlinghouse’s presence at the recent White House crypto summit did not influence the administration’s stance. The uncertainty surrounding XRP’s regulatory standing continues to weigh on investor confidence, contributing to the current price struggles.
Bearish Signals Emerge
XRP’s daily chart indicates a descending triangle pattern, a bearish formation signaling potential further declines. The token recently rebounded from the $2.14 support level but failed to break past resistance at $2.60, suggesting a lack of intense buying pressure. The Relative Strength Index (RSI) at 45.48 reflects weak momentum, while the Moving Average Convergence Divergence (MACD) shows signs of weakening sell-side activity.
With rising volatility and a key trendline acting as resistance, XRP traders closely watch whether the asset can hold above the $2.14 support. A breakdown below this level could accelerate losses toward the $2 mark, while a breakout above $2.60 may signal a bullish reversal.
XRP Price Faces Uncertainty Amid U.S. Crypto Policy Shift
As discussions on U.S. crypto regulations intensify, XRP remains precarious. Trump’s stance on excluding XRP from government reserves, coupled with aggressive whale selling, has fueled uncertainty in the market. With the U.S. crypto summit ongoing, Garlinghouse’s participation may bring further developments, but traders remain cautious.
For now, XRP’s price direction hinges on market sentiment and whale activity. If selling pressure persists, a drop below $2 could become a reality, testing investor confidence in Ripple’s future trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
