Is XRP Price Headed for $1.5 as Whales Dump 1.18B XRP in Just Four Weeks?

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Coingapestaff

Coingapestaff

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Large XRP holders reduce exposure as heavy selling activity weighs on XRP price direction.

Highlights

  • Whale selling intensifies as XRP price weakens alongside a sharp, market-wide crypto crash.
  • Bearish chart pattern strengthens, aligning with a downside XRP price target near $1.50.
  • RSI behavior confirms sustained selling pressure rather than temporary market stress.

XRP price faces renewed pressure as the broader crypto market slides sharply, with Bitcoin dropping below $90K and Ethereum slipping under $3,000. This crash in the market has caused a tremble in key assets. The liquidity became tight within a short time because risk appetite was substituted by fear. 

Meanwhile, XRP price followed the wider selloff rather than showing isolated strength. The pressure to sell rose when the market leaders lost the important psychological levels. Therefore, XRP price now reflects macro-driven weakness instead of token-specific stress.

XRP Price Pressured by Sustained Whale Selling

XRP price weakness closely aligns with intensified whale distribution over recent weeks. The big holders sold about 1.18 billion XRP in a month, which caused continued supply pressure. 

Notably, such activity often reflects strategic exits rather than short-term reactions. As whales offload positions, available supply rises faster than demand can absorb it. Consequently, XRP price struggles to stabilize during rebound attempts.

This pressure unfolded alongside today’s crypto market crash. In just one hour, the market lost another $23 billion making the total losses to be $127 billion in 24 hours. That unexpected flow of liquidity exaggerated negative movements in key assets.

Specifically, whales distributing during rapid selloffs tend to accelerate declines. XRP price reacted by losing previously defended support zones. All the rebound efforts were short lived, which strengthened the side of supply over panic selling.

Notably, there are usually prolonged corrective periods before whales are distributed. XRP now reflects that behavior clearly, with selling pressure opening room toward the $1.50 level.

XRP Structure Signals Bearish Continuation

The XRP structure now signals a clear bearish shift, highlighted by a completed classic head-and-shoulders formation on the daily chart. This trend was formed over time, and it was an indication of a continuous decline in buyer confidence. 

The left shoulder was formed in a period of recovery when buyers continued to push the price higher. Price then proceeded to make the head, but that rally did not bring long term demand. Selling pressure that takes upside tries fast showing exhaustion around highs.

This imbalance was confirmed by the right shoulder. Buyers were unable to recover previous heights, which is an indicator of weakened power. The last support zone was the neckline of around $1.95. 

Once XRP price broke below that level, selling pressure expanded sharply. XRP market valuation is trading at around $1.87, and the price is lower than previous consolidation levels that have become resistance.

Besides, the RSI behavior reinforces this bearish view. Instead of rebounding convincingly, RSI at 33 remains suppressed below neutral. Such persistence implies that sellers are in charge. As a result, the pattern’s measured move aligns with a downside price target near $1.50.

XRP price action analysis
XRP/USDT Daily Chart (Source: TradingView)

To conclude, XRP price remains under pressure as whale selling compounds broader market weakness. The disintegration of major structure attests to a bearish continuation formation. 

Technical set-up now indicates a definite downside target of $1.50. Unless price reclaims broken levels decisively, XRP will likely move toward that zone.

 

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Frequently Asked Questions (FAQs)

1. Why do whales influence XRP price trends?

Large holders control significant liquidity, so their selling increases supply and pressures price direction.

2. How does a broader market crash affect XRP?

Market-wide selloffs reduce risk appetite, causing correlated declines across major assets like XRP.

3. What does a head-and-shoulders pattern indicate?

It reflects a shift from buyer control to seller dominance after repeated failed recovery attempts.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.92601099 -2.34%

24 Hours volume

$3.53B

Market Cap

$116.51B

Max Supply

100B

Buy $XRP with MEXC
About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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