XRP Slides to $2.30: Are Whales Driving the Market Down Further?

Whale activity shows large holders offloading XRP, reducing total holdings from 6.9 billion to 6.23 billion, affecting market strength.

XRP failed to break the $2.50–$2.60 resistance and is consolidating between $2.20 and $2.40.

Stablecoins bank systems are positioning XRP as a bridge for cross-border payments across all networks.

XRP failed to sustain above the $2.50 resistance zone, and the market activity points to cautious consolidation. Technical patterns suggest potential retests of lower support levels, around $2.10–$1.95.

Market Analysis Shows XRP Testing Lower Support Zones

Recent price movements have shown short-term bounces between $2.20 and $2.40 with XRP forming a downtrend pattern on the daily chart. Dotted projections indicate a continuation toward lower levels if support fails.

The drop from $2.70 to $2.30 indicates that bullish momentum is fading and shifted signals potential distribution before further price declines.

Trading volumes have contracted, reinforcing the bearish pattern. The market shows repeated lower highs, and recovery attempts face resistance near $2.35–$2.40. Price oscillation indicates indecision among investors in the short term.

Whale Activity Indicates Market Distribution

Whale activity shows a notable reduction in large XRP holdings, correlating with downward price trends. Ali @ali_charts tweeted, “500,000 $XRP sold by whales in 48 hours!” illustrating ongoing selling pressure from major holders.

Between early September and November, wallets holding 1–10 million XRP decreased their positions from approximately 6.9 billion to 6.23 billion XRP. Continuous distribution during minor price rebounds points to reduced confidence among influential investors.

This trend of decreasing whale accumulation suggests XRP may experience further downward pressure. Until large holders resume accumulation, market strength remains limited and short-term bullish momentum appears constrained.

Banking Developments Could Affect XRP’s Use Case

Financial institutions are creating proprietary stablecoins to control cross-border transactions. Paul Barron’s commentary notes banks like JPMorgan, Bank of America, and Citi are developing isolated payment networks. European banks are following with Euro-denominated stablecoins by 2026.

This approach leads to fragmented systems, raising questions about interoperability between networks. Barron emphasizes XRP’s potential as a bridge asset to facilitate transactions across disconnected financial ecosystems.

As banks focus on proprietary networks, the demand for neutral connectors like XRP may grow. XRP’s design allows value transfer between siloed banking systems, aligning with Ripple’s vision of cross-border liquidity solutions.

The post XRP Slides to $2.30: Are Whales Driving the Market Down Further? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.