Later happenings with whales have caused agitation that 131 million XRP ($273M) transfer is definitely eyebrow-raising. The fact that it's not tied to a known exchange suggests it could be an OTC deal or internal wallet reshuffle — but when you stack it up with the $63M move just 12 hours prior, it starts to look like a pattern.
Whether it's prepping for a big institutional buy-in or strategic positioning ahead of news, the uncertainty adds pressure. If whales start offloading, retail tends to follow out of fear.
📉 Technicals — Resistance Still Holds at $2.17
This level’s turned into a wall — price has tested and failed to break it multiple times. With the current drop to $2.06 (and a -4% daily dip), the momentum is clearly stalling. Short-term traders probably feel like they’re stuck in limbo.
The support zone between $1.90 and $1.55 is now the area to watch. If XRP slides below $1.90 and volume spikes, we could see a real shakeout — possibly a bear trap if long-term bulls step in at $1.55.
📈 Fundamentals & Rumors Still Flickering
Despite the sell pressure, there’s still hope around potential XRP ETF rumors and the much-speculated SWIFT partnership. If even one of those materializes (or gets legit confirmation), XRP could easily break out of the current range.
But yeah, without confirmation, it's just noise. And right now, the market’s reacting more to hard wallet movements than speculative bullish rumors.
🔮 What’s Next?
It feels like we’re in a “wait-and-see” phase:
If another whale move happens soon, expect even more volatility.
A clean breakout above $2.17, especially on high volume, would flip the sentiment fast.
But if XRP dips below $1.90 and fails to hold above $1.55, we’re talking possible longer-term consolidation.
