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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...

Is XRP Close To The $1 Mark? A recent move by Ripple added more to the drama. Another noteworthy event in the XRP ecosystem is the locking of significant amounts of XRP in escrow accounts at Ripple . A staggering 300,000,000 XRP (valued at $146,927,854) and another 500,000,000 XRP (equivalent to $244,748,526) have been securely held in escrow. Ripple ’s strategic move has spurred debate regarding the company’s long-term objectives and the potential impact on the XRP market. advertisement These developments coincide with the ongoing legal struggle in the United States District Court for the Southern District of New York. Ripple’s legal team recently responded to the U.S. Securities and Exchange Commission (SEC) regarding its appeal. The SEC’s appeal is primarily centered on its dissatisfaction with a previous ruling that XRP does not qualify as a security for retail investors. Ripple ’s legal team contended that the grounds for ...