$400 million of XRP sold in just 48 hours—what’s fueling the heavy sell‑off?

crypthub

about 12 hours ago

Whale Sell‑off

On‑chain data shows that large XRP holders moved about 200 million tokens, worth roughly $400 million, in a 48‑hour window. The biggest sellers were wallets holding 1‑10 million XRP, adding substantial sell‑side liquidity. This surge hit a market already under pressure, pushing XRP down 10.3% in 24 hours and breaching the $2 psychological level.

Market Sentiment & Technical Indicators

XRP now trades below its 50‑day and 200‑day SMAs, confirming a bearish trend. The Fear & Greed Index sits at 14, indicating “extreme fear,” while 24‑hour selling volume topped $7.2 billion. Parallel weakness in Bitcoin and Ethereum, coupled with concerns over delayed Fed rate cuts, has amplified risk‑off sentiment across crypto.

Outlook

Analysts say a pause in whale selling could let XRP test the $2 resistance and possibly recover to $2.50‑$2.70 short‑term. Without that, further decline toward $1.50 is likely. Medium‑term forecasts place XRP between $1.96 and $2.27 through 2025, with upside dependent on regulatory clarity and future ETF activity.

$400 million of XRP sold in just 48 hours—what’s fueling the heavy sell‑off?

Whale Sell‑off

Market Sentiment & Technical Indicators

Outlook

$400 million of XRP sold in just 48 hours—what’s fueling the heavy sell‑off?