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.