XRP Whales Dump $2.3B in a Week as Price Nears $2 Support

In Brief:

Large XRP holders sold 1.12B tokens worth $2.34B in seven days.

XRP price fell 14.5% this week, hovering near the key $2.02 support.

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XRP has faced significant selling pressure as whales holding 100M to 1B tokens sold over $2.3 billion worth of XRP in just one week. The move dropped their total holdings to 8.98 billion XRP and pushed the asset's price dangerously close to the $2.02 support level, currently trading at $2.09.

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This wave of whale selling suggests uncertainty among large investors, yet long-term holders appear to be accumulating, as shown by a decline in the Liveliness metric—a sign of conviction during downturns.

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If XRP holds the $2.02 support, a rebound toward the $2.27 resistance may follow. A breakdown below this level, however, could deepen the decline.

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