XRP is under increasing selling pressure following the transfer of 26.8 million tokens worth approximately $57.7 million by a whale to Coinbase; this is leading to signs of weakness in the markets.

The altcoin has declined from $2.33 to $2.08 in the last four days, while large investors continue to sell by increasing their positions as the downtrend persists.

According to COINOTAG data, 'Significant inflows to major exchanges and a low Taker Buy-Sell Ratio indicate a distinct selling trend in the XRP market.'

The last whale transfer increases the likelihood of breaking the critical support at the $2 level while intensifying selling pressure, creating the risk that the price could drop to $1.90.

XRP Whale Transfers Reveal Selling Volatility

According to blockchain data, a single large XRP whale transferred approximately 26.9 million tokens worth $57.7 million to the Coinbase exchange. Considering the tendency of whales to send tokens to exchanges to cash out their assets, this large transfer is viewed as a strong indicator of upcoming sales.

Throughout last month, XRP whales have been one of the main factors triggering price fluctuations with large market orders. CryptoQuant's Average Order Size metric indicates that these large transactions have been consistently ongoing, signaling that market movement is more about distribution than accumulation.

Another data supporting the increase in selling pressure is the positive change in XRP's net inflows on exchanges for the first time in the last six days and the observation of a token inflow valued at $1.1 million. This indicates an increase in selling as more XRP comes to exchanges. CoinGlass data also points to a continuous increase in exchange inflows. Additionally, XRP's Taker Buy-Sell Ratio has remained below 1 for the past six days, indicating that sellers are more dominant than buyers in the markets. This imbalance reinforces the negative sentiment among investors.

Technically, XRP is currently testing the critical psychological support at $2. The drop from $2.33 to $2.08 is an indicator of selling pressure that increases the risk of breaking this support. Historical data shows that if selling pressure continues and buyers do not step in, prices could decline further. According to COINOTAG analysts, if it slips below $2, XRP could drop to $1.90. On the other hand, daily closures above $2.20 could indicate that buyers may return, providing stability in the market and potentially ending the downtrend.

Market Outlook and Expectations

Current market conditions are generally negative. The exit strategies of large investors and the lack of buying momentum place XRP in a fragile position; there is a greater risk of further price declines if selling continues. Investors are advised to closely monitor indicators such as exchange inflows and outflows, net flows, and Taker Buy-Sell Ratio to keep track of market movements. Positive changes that may occur in these indicators could signal the first signs of a potential recovery. Additionally, during these periods of high volatility, it will be beneficial for cautious investors to implement their risk management strategies.

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