Price Analysis View Non-AMP

XRP Whales Are Selling, But Is The Bottom In Sight? Analyst Sounds Alarms!

Published by
Zameer Attar

The XRP price has taken a significant hit recently, erasing the gains it initially saw following Judge Torres’ ruling, which handed Ripple a partial victory in its legal battle against the SEC. In addition to this setback, major XRP holders, often referred to as “whales,” have been steadily selling their XRP holdings over the past two months, adding to the downward pressure on this cryptocurrency.

XRP Price Analysis

EGRAG CRYPTO’s analysis indicates that XRP needs to regain the $0.6 price level to signal that its recent decline might have hit its lowest point. Failing to achieve this could potentially result in a short-term drop to around $0.41.

According to the analyst, for XRP to regain its bullish momentum, it must re-enter a previous trading range and close above key levels at $0.6 and $0.67. As of now, XRP is trading at $0.5256, which means it would need to increase by 14.13% to reach the $0.6 mark.

Falling short of this goal could indicate a short-term bearish trend. On a different note, EGRAG anticipates a possible pullback for XRP within the range of $0.41 to $0.43, potentially setting the stage for the next upward movement.

Read More: Here’s How XRP Could Boost Ripple’s IPO Valuation!

Several important indicators suggest that XRP bears might be losing their hold on the market. Firstly, there has been a noticeable increase in trading volume, signifying heightened participation in XRP trading. This surge could indicate growing confidence in XRP’s potential and a heightened interest among traders.

Secondly, bears are finding it challenging to control XRP’s market value. This is an unusual situation, as prices often dip after a prolonged period of growth. However, XRP has shown remarkable resilience, maintaining its upward momentum.

Here’s Where You Need to Watch

As XRP balances on crucial support levels, traders and enthusiasts are closely monitoring how the cryptocurrency navigates these challenges. They eagerly await signs of a potential bullish rally. Currently, the coin is trading at $0.5308, reflecting a significant increase of 2.97% in the last 24 hours.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Breaking: Ripple’s XRP Hits New ATH Following Successful Crypto Week

Ripple Labs-backed XRP rallied over 11 percent in the last 24 hours to hit a…

July 18, 2025

Crypto Bills Pass Final House Vote: GENIUS Act Headed to President Trump’s Desk

The United States House of Representatives has passed all three crypto bills—the Clarity Act, the…

July 18, 2025

Bit Origin Secures $500M to Launch Dogecoin Treasury: DOGE Price Aims Parabolic Rally Amid Network Growth

The Dogecoin (DOGE) network is gradually heating up with bullish activities following the recent Ethereum…

July 17, 2025

Top Crypto Coins Under $1 To Buy Today — Monster Altcoin Season Meets Bull Run

Altcoin giants under $1 are flashing breakout signals, backed by news, on-chain surges, and explosive…

July 17, 2025

Michael Saylor Reveals Bitcoin Secret as MSTR Surges 3,558%

Bitcoin believer and Strategy executive chairman Michael Saylor is back in the spotlight. In a…

July 17, 2025

Top 3 Meme Coins Crypto Whales Are Watching: Pepeto, PEPE, DOGE

Meme tokens continue to break expectations. Once dismissed as mere hype, they’re now being tracked…

July 17, 2025