News
  • Vignesh S G
    author-profile

    Vignesh S G right arrow

    Author

    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

    • 2 minutes read

    Why Are Crypto Whales Dumping XRP? Key Factors Behind the Price Crash

    • currency-symbol XRP $ 2.12 (0.14%) top gainer
    Story Highlights
    • XRP's price has sharply declined recently, despite positive market developments and speculation.  

    • A broader bearish trend exists in the crypto market, with most major cryptocurrencies experiencing significant drops.  

    • Whale sell-offs and declining investor confidence, indicated by reduced futures open interest, are contributing to XRP's downturn.

    Despite several positive developments for XRP, the price has taken a sharp fall. Events such as Donald Trump mentioning XRP on Truth Social, speculation about a U.S. XRP Reserve, the possibility of the SEC dropping its lawsuit against Ripple, and pro-crypto appointments like Howard Lutnick in key White House roles should have boosted investor confidence. Additionally, the SEC has launched a crypto task force to establish clearer regulations.

    However, none of this has prevented XRP from crashing 29.9% in the last 30 days, including a 14% drop this week and a 10.5% decline in just 24 hours.

    With such heavy losses, can XRP recover? Let’s take a closer look.

    Crypto Market in a Downtrend

    The entire crypto market is in a bearish phase, with a 9% drop in the past 24 hours. Most top cryptocurrencies have suffered losses:

    • Bitcoin (BTC): -6.2%
    • Ethereum (ETH): -10.5%
    • BNB: -5.2%
    • Solana (SOL): -12.6%
    • Dogecoin (DOGE): -10.3%
    • Cardano (ADA): -9.2%

    XRP has followed the trend, falling 10.5% in the past 24 hours and 11.63% just yesterday.

    XRP at Critical Price Levels

    At the moment, XRP is trading at $2.197, which is 28.55% below its monthly high. According to crypto analyst EGRAG CRYPTO, if XRP drops below $2.30, it could face a further freefall to lower price levels.

    Yesterday, XRP closed at $2.278, and today, it remains 3.77% lower than its opening price.

    XRP Technical Analysis: A Short Overview 

    Technical indicators show mixed signals:

    • RSI at 33.04: XRP’s Relative Strength Index (RSI) on the daily chart is in the oversold zone, meaning a rebound could be possible.
    • Falling Futures Open Interest: XRP’s Futures Open Interest has dropped by over 15%, signaling that investors are losing confidence.
    • Surging Trading Volume: XRP’s 24-hour trading volume is 100.52 million, the highest since February 3, 2025.

    On-chain data shows that large XRP holders—whales—have sold over 81 million XRP on exchanges, adding further pressure to the price.

    XRP’s recent crash, whale sell-offs, and declining investor confidence raise concerns about its short-term outlook. However, oversold conditions and strong trading volume could open the door for a recovery.

    Will XRP bounce back, or does it have further to fall? Investors should watch closely.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    Is it worth investing in XRP now?

    XRP’s low RSI suggests a possible rebound, but market volatility, investor uncertainty, and whale activity make it a high-risk investment right now.

    How much will XRP be worth by the end of 2025?

    XRP might reach a high of $3.99 with an average of $3.07.

    How much would the price of Ripple be in 2040?

    As per our XRP price prediction 2040, Ripple could reach a maximum price of $148.37.

    How high can XRP go in 2050?

    By 2050, a single Ripple price could go as high as $418.73.

    Show More

    Related Articles

    Back to top button