XRP is currently navigating through turbulent waters as significant movements by XRP whales have recently made headlines. Since the beginning of April, XRP whales have unloaded a staggering $800 million worth of tokens, sending shockwaves through the Ripple community. This massive selloff has sparked worries among investors, who are left grappling with questions about the future of XRP. Is this a fundamental market shift, or just a fleeting dip prior to a new bull run?
Whales Exit En Masse: What’s Driving the Sell-Off?
The term “XRP whales” refers to large holders of XRP tokens, and these whales have recently sold over 370 million tokens according to analyst Ali MartĂnez. He emphasized the scale of this exodus, stating, “Whales have sold over 370 million $XRP since the start of the month!” Intriguingly, this wave of liquidations occurred shortly after Ripple CEO Brad Garlinghouse declared the effective end of the company’s long-running legal struggles with the SEC.
Whales have sold over 370 million $XRP since the start of the month! pic.twitter.com/KXiCjGHmBM
— Ali (@ali_charts) April 15, 2025
This selling spree has raised concerns that the anticipated closure of the lawsuit was merely a “sell-the-news” event. Despite the buzz surrounding legal clarity for Ripple, whale activity suggests a different sentiment as they have begun offloading their holdings drastically. Consequently, XRP’s price dropped from near highs of $2.50 to a troubling low of $2.10, marking a sharp 16% decline within a matter of days. Analysts are warning that if XRP fails to maintain critical support levels, it could plunge even further to around $1.65.
Market Uncertainty and What’s Next for XRP Prices
This recent sell-off has left many traders feeling cautious, particularly as the SEC has yet to officially confirm the resolution of the ongoing case. A number of experts speculate that the real rally in XRP occurred in anticipation of a favorable lawsuit outcome rather than the resolution itself. As noted by one analyst, “the real gains for XRP came on hype that the lawsuit would be concluded instead of the actual ending.”
Despite these uncertainties, the Ripple community remains hopeful for a potential rebound. Exciting speculation around a possible XRP ETF approval in the United States could ignite renewed interest from institutional investors and drive another hype-fueled rally. However, the recent exodus of whale investments acts as a cautionary signal, indicating that major players in the market are preparing for further fluctuations ahead.
XRP Price Analysis: XRP Tumbles to $2!
As of the latest data, XRP’s price was standing at $2.1240 at 00:00 UTC, entering a critical support test phase. After a few ups and downs, with golden crosses appearing on the MACD, XRP began an upward trend. While it faced some corrections, it saw an overall increase until it tested the resistance level of $2.182 around 9:05 AM. However, overbought market conditions led to yet another corrective phase, resulting in a slump back to $2.148 before another uptick was attempted. The resistance level of $2.182, however, remained unbroken during subsequent tests at 13:50.
Following the resistance testing, XRP experienced an extended downtrend, influenced by a death cross that formed at 13:50 UTC. Eventually, support was found at $2.0664. Around 20:00 UTC, XRP seemed to stabilize with support near $2.107, but selling pressure persisted, causing the price to descend closer to the $2 mark. At this point, XRP appeared heavily oversold, with expectations for an uptick; however, bearish momentum continued to outweigh potential recovery as XRP ultimately traded at around $2.05.
XRP Price Prediction: XRP Fails $2.2 Test, Can It Hold $2?
As XRP has grappled with the challenging $2.2 mark, historical patterns indicate that this level has consistently acted as a critical resistance point. Technical analysis from several renowned experts suggests that XRP has dropped further than it would have ideally liked, fueling continued bearish sentiment. This means further declines may be on the horizon. However, if XRP can manage to maintain a price above $2, it might create a stable foundation for future growth, setting the stage for a more steady upward trajectory.
