XRP Whale Dumps $58M as Price Tests Key Support – What’s Next?

XRP faces mounting selling pressure after failing to break $2.30, with whales moving $58 million worth of tokens to Coinbase. As long-term holders cash in profits, the key question is whether $2.00 support will hold—or if an ETF catalyst could reverse the trend.

Whale Activity Heats Up

• 26.6M XRP ($58M) transferred to Coinbase
• Profit-taking intensifies: $68.8M daily realized gains (7-day avg)
• Price holds at $2.16—still 3× higher than pre-November 2024 levels

Bullish vs. Bearish Signals

Bear Case:

• Distribution phase underway
• Long-term holders selling
• Rejection at $2.30 resistance

Bull Case:

• 90% odds of XRP ETF approval by 2025 (Polymarket)
• Analyst Dark Defender spots “Cup Surface” breakout pattern
• Key targets: $2.22 (short-term), $3.61 (mid-term)

Critical Levels to Watch

• Support: $2.07 (Fibonacci level) → Break risks drop to $2.00
• Resistance: $2.30 → Clearing this could fuel rally

With Ripple’s lawsuit nearing conclusion, XRP’s next move hinges on ETF news and whale behavior.