XRP whales on a selling spree, offload 70 million in 48 hours; Crash to $2 next?
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...