XRP whales on a selling spree, offload 70 million in 48 hours; Crash to $2 next?

XRP’s hold on the $2.5 support appears fragile after whales initiated a massive sell-off of the cryptocurrency . Specifically, whales collectively sold around 70 million XRP, worth approximately $178 million, over the past 48 hours, according to on-chain data from Santiment shared by Ali Martinez in an X post on October 25. XRP whale transaction chart. Source: Santiment The sell-off, led by wallets holding between 100,000 and 10 million XRP, comes as the token trades at $2.54, clinging to fragile support amid market uncertainty. Historically, such whale liquidations have preceded short-term declines, and if selling persists, XRP could retest the key $2.00 support zone. Meanwhile, technical indicators suggest that while a short-term correction remains possible, the long-term outlook for XRP looks promising. XRP’s imminent breakout In this regard, analysis shared by ChartNerd in an October 25 X post indicated that XRP has been consolidating within a vertical accumulation range since January 2025, with technical signals pointing to a potentially major breakout. https://twitter.com/ChartNerdTA/status/1981990650548568083 According to the market structure, XRP has been trading between accumulation support and resistance zones, forming a prolonged sideways pattern that often precedes sharp directional moves. The analyst noted that clearing resistance around the $2.60 range could trigger a breakout targeting the 1.618 Fibonacci extension, projecting potential upside toward $5 to $6. The weekly 55-day exponential moving average (EMA) continues to serve as a crucial support level, helping maintain XRP’s bullish structure. Beyond market sentiment, XRP’s trajectory will likely depend on broader fundamental factors, such as anticipation surrounding the possible approval of a spot XRP exchange-traded fund ( ETF ). The approval was initially expected in late October but has reportedly been delayed due to the ongoing U.S. government shutdown. At the same time, Ripple’s plan to raise $1 billion to establish an XRP treasury is viewed as another key bullish signal to watch. XRP price analysis At press time, XRP was trading at $2.54, up over 3% in the past 24 hours, showing minimal impact from whale activity. Over the past week, the asset has rallied by nearly 8%. XRP seven-day price chart. Source: Finbold As things stand, XRP needs to reclaim the $2.60 resistance and turn it into support for any chance of targeting $3 in the coming days. Featured image from Shutterstock The post XRP whales on a selling spree, offload 70 million in 48 hours; Crash to $2 next? appeared first on Finbold .