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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 withi...

XRP could be headed for a sharp downturn toward $1.7 as bearish technical indicators intensify, according to new market Analysis .  This outlook by cryptocurrency analyst TradingShot, XRP has been trading within a long-term ascending channel for nearly a year, but its recent price structure suggests growing downside risk. In an October 17 TradingView Analysis , XRP was shown to be trading within a channel up pattern since late November 2024 but recently entered a second bearish phase after last week’s sell-off.  XRP price analysis chart. Source: TradingView The price has broken below the mid-range of the ascending channel, signaling growing downward momentum.  XRP key price levels to watch  The analyst noted that a bearish crossover between the 1-day 50-day and 100-day moving averages has reinforced the negative outlook, echoing a similar signal earlier this year that drove XRP below the 0.786 Fibonacci retracement level. If the current de...