🔥XRP Whale's Big Moves! 81 Million Tokens Sold, Is the Price Hanging by a Thread?

Recently, the XRP market has faced a storm! In just 24 hours, whales have sold an astonishing 81 million XRP to major exchanges, instantly triggering widespread attention and concern in the market. 📉

🐋 Whale Movements: Selling and Accumulating Coexist

Whale r9ZMd…eKD9c sold 29.53 million XRP to Coinbase.

Another whale rGdKQ…Enp1k transferred 52 million XRP to Bybit, undoubtedly exacerbating market panic.

However, there are also positive signals, as an investor accumulated 20 million XRP, showing that the market is not entirely one-sided.

📉 XRP Price: Can the $2 Threshold Hold?

As whales sell, the price of XRP has dropped 3%. Although the overall market performance is decent, XRP remains under pressure. If the bears continue to dominate, XRP may fall below $2. Key support levels include $2.82 (if it holds or bounces) as well as $2.18 and $1.96 (if it breaks).

📊 Market Reaction: Trading Volume Soars, Confidence Fluctuates

Currently, the trading price of XRP is $2.48, with a 24-hour trading volume soaring 70% to $3.99 billion. Daily high was $2.60, daily low was $2.44. Open interest in futures contracts fell by 2.5%, indicating a decrease in trader confidence.

📈 Future Outlook: Bounce Back or Drop?

Despite facing pressure, it's not hopeless.

Prediction: If XRP breaks $2.75, the next target is directly aimed at $4.95. EGRAG CRYPTO also holds an optimistic view, indicating that if the $2.65 support level is maintained, the upward trend may resume.

More aggressive predictions suggest that if market momentum strengthens, XRP could aim for the $5 threshold!