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>>$400 Million Worth of XRP Sold Within 48 Hours—What’s Fueling This Heavy Sell‑Off?

$400 Million Worth of XRP Sold Within 48 Hours—What’s Fueling This Heavy Sell‑Off?

crypthub

about 12 hours ago

Whale Sell-off

On-chain data shows whales withdrew ~200 million XRP (~$400 M) in 48 h, mainly from wallets holding 1-10 M tokens. This surge added heavy sell-side liquidity to an already fragile market. XRP fell 10.32% in 24 h, dropping below $2 to around $1.85.

Market Indicators

XRP trades beneath its 50-day and 200-day SMAs, confirming a downtrend. The Fear & Greed Index is at 14 (extreme fear) and 24‑h sell volume exceeded $7.2 B. Bitcoin and Ethereum also slipped, sparking broader liquidations amid macro concerns over delayed Fed rate cuts.

Future Outlook

Analysts say if whales pause, XRP could stabilize and aim for $2, with short‑term targets of $2.50-$2.70 pending a breakout above resistance. Medium‑term range is projected between $1.96 and $2.27 through 2025, with stronger upside tied to regulatory clarity and ETF activity in 2026. The supply overhang remains the main risk.

$400 Million Worth of XRP Sold Within 48 Hours—What’s Fueling This Heavy Sell‑Off?

Whale Sell-off

Market Indicators

Future Outlook

$400 Million Worth of XRP Sold Within 48 Hours—What’s Fueling This Heavy Sell‑Off?