finbold.com
$XRP is facing renewed selling pressure after major holders off-loaded nearly 200 million tokens in just 48 hours, adding momentum to an already fragile market structure.
In this line, wallets holding between 1 million and 10 million $XRP have sharply reduced their balances, marking one of the steepest two-day declines in whale holdings this quarter, according to on-chain data from Santiment shared by Ali Martinez.
The sell-off aligns with $XRP’s ongoing downward trend, as prices drift toward the lower end of their range.
Whale activity shows large holders steadily reducing exposure, signaling weakening confidence. If bearish momentum accelerates, $XRP could retest the critical $2 support zone, and a failure to hold above it may lead to deeper losses.
This potential decline comes as $XRP has recorded 716 whale transactions worth over $1 million each, the highest count in four months and a strong signal of renewed large-holder activity.
At current levels, $XRP remains well below its key simple moving averages, signaling sustained downward pressure.
The 50-day SMA at $2.57 acts as near-term resistance, roughly 12.7% above spot, suggesting that strong buying is needed to reclaim bullish territory and potentially test the $2.70 region.
Meanwhile, the 200-day SMA at $2.65, about 16.2% higher, serves as a longer-term threshold; a decisive break above it could confirm a trend reversal, while failure would leave the token vulnerable to further declines toward $2.
Complementing this outlook, the 14-day RSI stands at 41.5, firmly within neutral territory. This indicates balanced momentum but little conviction for an immediate breakout in either direction.
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