• XRP fell to $2.47 as whales sold over 2.23 billion tokens since Friday. This massive sell-off has intensified downward pressure.
  • Technical indicators show bearish momentum with XRP trading in a descending triangle pattern. The token broke below key support levels.
  • The $2.00 level is now critical for recovery. Holding this support could spark a bounce, while breaking below may deepen losses.


    Ripple’s XRP has fallen below $2.50 as massive whale selling and technical weakness combine to drive sustained downward pressure. The token is currently trading at $2.45, marking a 4.54% decline in the past 24 hours. This drop extends a broader pattern of weakness that has plagued major cryptocurrencies throughout October.

    The decline comes amid deteriorating market conditions that have left investors questioning XRP’s near-term stability. Trading activity shows clear signs of distribution as large holders exit positions. The combination of technical breakdown and reduced confidence has created a challenging environment for the token.

    Descending Triangle Formation Points to Further Decline

    Technical analysis reveals XRP has been trading within a descending triangle since late July. This pattern features progressively lower highs converging toward a horizontal support base near $2.72. The structure typically precedes significant price breakdowns, particularly when accompanied by weakening volume.

    The October 10 crash confirmed the bearish setup by pushing XRP through its previous accumulation zone. The Parabolic SAR indicator now displays dots above recent price candles, reinforcing negative momentum. This technical alignment suggests the token may test the $2.00 to $2.39 support region before any meaningful recovery attempt.

    XRP/USDT 1-Day Chart (Source: TradingView)

    Market analysts view this zone as critical. Historical data shows strong buying interest has emerged at these levels during previous corrections. However, the current selling intensity raises questions about whether traditional support will hold.

    2.23 Billion XRP Tokens Sold Since Friday

    On-chain data reveals a massive distribution of assets by major holders over recent days. Whales have sold more than 2.23 billion XRP tokens since Friday, according to blockchain analytics. This selling wave began after XRP failed to maintain support above $2.72.

    The scale of distribution has drained market liquidity and limited recovery prospects. Smaller investors remain cautious as large holders continue to reduce their exposure. Spot Taker CVD data confirms aggressive selling across exchanges, with taker sell orders significantly outpacing buy orders.

    This imbalance indicates sellers maintain control of market direction. Buyers have stepped back as momentum remains firmly negative. The heavy distribution pressure keeps XRP vulnerable to extended downside movement.

    The $2.00 level now serves as the decisive battleground for XRP’s near-term trajectory. This demand zone has historically triggered accumulation after steep declines. Whether it can provide support during the current sell-off remains uncertain.

    A successful defense of $2.00 could spark a short-term bounce toward $2.72. However, failure to hold would likely deepen losses and extend the correction phase. Current market dynamics favor continued weakness until selling pressure subsides.

     

    XRP Ledger Spot Taker CVD (Source: CryptoQuant)

    Volume patterns and whale behavior will determine whether XRP can stabilize. For now, bearish sentiment dominates as the token approaches a make-or-break support level. The coming days will reveal whether buyers return or sellers lower prices.

 

Disclaimer

The content shared on KryptoVaultDaily is for informational purposes only and does not constitute financial or trading advice. We do not offer guarantees and assume no responsibility for investment decisions based on the material provided. Always research and seek guidance from a licensed financial advisor before trading cryptocurrency or investing.

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Ibrahim Abdulaziz Adan is a crypto, gaming, and AI writer passionate about blockchain adoption and digital innovation. He shares accurate, engaging content that educates and inspires. Ibrahim explores how decentralized finance, immersive gaming, and AI are shaping the future of the digital world. Whether breaking news or decoding complexity, Ibrahim’s goal remains constant: to educate, empower, and inspire his readers across all sectors of the digital frontier.

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