XRP Market in Turmoil! Whale Sell-Off Triggers Panic, Battle to Defend the $2 Level Imminent!

Recently, the XRP market has experienced a significant upheaval! Several large XRP holders (whales) sold over 81 million tokens to exchanges within 24 hours, causing panic in the market and a 3% drop in XRP prices. Does this signal that Ripple is about to fall below the crucial $2 mark?

🐋 Sell-Off Frenzy: Whale Actions Draw Attention

According to Whale Alert monitoring, several heavyweight XRP investors are making big moves:

One whale sold 29.53 million XRP to Coinbase; another giant whale transferred 52 million XRP to Bybit, instantly cooling market sentiment; however, some investors increased their holdings by 20 million XRP through Gemini, indicating a clear divergence in market strategies.

📉 Can the $2 Level Hold?

Analyst CasiTrades points out that if the bears continue to dominate, XRP may lose the $2 level. If the key support level of $2.82 cannot hold, the next tests will be $2.18 and $1.96.

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