Price Analysis

Ripple Whales Offload 90M Tokens as XRP Price Eyes $1.50 Drop

Large addresses sold 90 million XRP showing lack of interest in buying the dip amid a drop below $0.20. Will Ripple price crash to $1.50?
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Ripple Whales Offload 90M Tokens as XRP Price Eyes $1.50 Drop

Highlights

  • Whales have sold 90M XRP, indicating lack of interest in buying the dip.
  • XRP price continues to struggle under bearish pressure and could drop to $1.50 if selling activity continues.
  • XRP price recovery is contingent on a drop to a demand zone that will attract buying activity.

The cryptocurrency market is in a state of fear, and altcoins like Ripple (XRP) are recording massive losses. XRP price has dropped by more than 20% this week alone. Following this decline, whales are closing their positions, after selling more than 90M XRP. As whales hesitate to buy the XRP dip, will Ripple price drop to $1.50 in the near term? 

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XRP Price Faces Bearish Pressure as Whales Sell 90M Tokens

Ripple price today trades at $2.04 after a whooping 10% drop in 24 hours. In the last seven days, XRP has shed nearly $40 billion in market capitalization. Despite this sharp drop in XRP price, large addresses that typically buy the dip continue to sell, suggesting the likelihood of an extended decline. 

Data from Santiment shows that in the last 24 hours, addresses holding between 10M and 100M XRP have sold 70M tokens. Additionally, the addresses holding 100K to 1M XRP have been gradually selling the token this week, and have reduced their position by 20M tokens. 

Ripple Whales

The hesitation by whales to buy the XRP dip suggests they do not anticipate a price recovery in the near term. 

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Will Ripple Drop to $1.50?

XRP has breached the lower trendline of its descending parallel channel as the broader crypto market crash caused panic selling. This bearish breakout signals that the ongoing downtrend may continue. This breakdown also shows bears are tightening their grip over XRP price, which may lead to a drop to support at $1.77. Breaching this support may cause a drop below $1.50 to $1.39. 

At the same time, the MACD indicator shows a strong bearish momentum with the negative MACD line and red histogram bars. 

Ripple’s RSI has also reached oversold levels. Oftentimes, this suggests a recovery, but with whales not buying and market sentiment being gloomy, XRP may consolidate at range lows before a price rebound. 

XRP/USDT: 1-Day Chart

However, even during bear markets, some altcoins register short relief rallies. Will this be the case with Ripple price? 

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Can XRP Price Recover?

While the outlook remains gloomy, XRP price has a chance to recover. Macro factors such as progress in the SEC vs. Ripple case may trigger a trend reversal. However, recovery is contingent on the price falling back to a demand zone at which buyers will become willing to accumulate. 

Analyst VipRoseTr identifies this support zone at $1.25, where traders are likely to start buying again to support a strong bullish reversal past $3 to an all-time high of $4.22. 

XRP/USDT: 1-Week Chart

Nevertheless, for XRP to make a strong uptrend from any support zone, the broader market sentiment needs to shift to positive. The altcoin should also attract buying attention from whales and large players. 

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Frequently Asked Questions

Will XRP price drop to $1.50?

XRP price could drop to $1.50 as bearish momentum gains strength.

Are Ripple whales buying or selling?

Ripple whales have sold 90M XRP, indicating they are not buying the dip.

Can XRP price recover from bearish trends?

XRP price can recover from bearish trends if it falls back to a support zone that will trigger a rise in buying activity.
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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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