Ripple Whales Dump $470M XRP as Price Holds Key Support

2 weeks ago 16

TLDR:

XRP whales offloaded 470M tokens in 10 days, raising concerns over short-term price stability.
XRP trades at $2.90 with $6.89B volume, recording a 10.44% decline in seven days.
Traders mark $2.65 as key support, while $2.33 serves as the last defense for bullish structure.
Closing above $3.65 could shift XRP into price discovery, according to technical analysis.

Whale moves are shaking the XRP market again. Over the past ten days, large holders sold 470 million XRP, sparking fresh volatility.

The price has dipped under pressure, raising questions about whether more downside lies ahead. Traders now face a mix of caution and hope, with some pointing to bullish patterns on key charts. Support levels remain under the spotlight as XRP tries to hold its ground.

Ali, a market analyst on X, reported the whale sell-off. His chart showed a steep price reaction after whales released tokens into the market.

Historical trading data has often linked heavy whale activity to sudden market swings. This time, traders are watching closely to see if history repeats.

470 million $XRP sold by whales in the last 10 days! pic.twitter.com/Zc24I9omjg

— Ali (@ali_charts) August 20, 2025

XRP Price Faces Pressure as Traders Watch Support Levels

CoinGecko data placed XRP at $2.90 at press time. That marked a 3.99% loss in 24 hours and more than 10% down for the week. With $6.89 billion in daily trading volume, XRP remains active, but the recent decline reflects pressure from large-scale sales.

Veteran trader Matthew Dixon noted that bullish divergence appeared on both hourly and daily charts. He suggested that XRP may hold higher despite near-term risks.

Dixon set his base case as bullish, though he warned that a drop toward $2.45 remains possible. His view added cautious optimism to a market still digesting whale activity.

Analyst Egrag Crypto flagged $2.65 as the immediate defense line. Price action below this level could create broader weakness. A wick might test that support, but traders stressed that a daily close below would be a stronger bearish signal.

Technical Analysis Outlines Critical Levels for XRP Price

Zooming out, Egrag highlighted $2.90 as the mid-point of the linear regression log channel. Closing above this mark keeps XRP in a bullish structure. A fall below it could shift the setup into weakness.

The next major defense sits at $2.33, aligned with the 21 EMA on the two-week chart. If price holds there, bullish traders still see chances for a push higher. A break under that level could suggest further losses.

On the upside, Egrag outlined $3.65 as the level to watch. A daily close above it may push XRP into price discovery. He described it as a path toward higher ranges marked on the macro chart.

#XRP – Linear Regression Analysis (Log Scale) 🔍 and The Bent Fork (Zoomed-In Version):

Take a close look at the chart below! As I zoom in, remember to keep track of the MACRO view to fully understand the significance of this analysis. 🧐

Zoomed-In Insights:
1️⃣ Closing above… pic.twitter.com/ESyUS62yUt

— EGRAG CRYPTO (@egragcrypto) August 20, 2025

The bearish boundary, however, stands at $1.90. Falling below this area would bring XRP into a wider downtrend. Another point at $1.62 serves as confirmation for bearish momentum if the middle arch fails. For now, eyes remain on whether the token can hold support while facing heavy whale pressure.