- Whale wallets offloaded 1.12 billion XRP within 48 hours, increasing market supply and intensifying XRP’s bearish momentum, with analysts divided on whether the price will drop further or stage a recovery.
- While some predict a decline toward $1.07, others foresee a long-term rally, leaving XRP’s future uncertain amid ongoing market volatility.
XRP has recently faced substantial selling pressure, with whale wallets offloading a staggering 1.12 billion XRP within just 48 hours. This sudden surge in market supply has sparked concerns among investors, raising questions about whether XRP will retrace back to $1.7 or continue its downward trajectory.
Whale Activity and Market ImpactXRP has experienced significant price swings in recent months, having surged above $2.90 in early March before rapidly falling below $2. Since the conclusion of Ripple’s legal battle with the SEC, the digital asset has been locked in a bearish cycle, consistently forming lower highs and lower lows. This downtrend has been exacerbated by the recent mass liquidation by whale wallets.
Blockchain analyst Ali Martinez reported that large XRP holders, particularly those holding between 100 million and 1 billion tokens, had maintained relatively stable balances before a sudden sell-off around March 28. Within a span of 48 hours, these whales dumped 1.12 billion tokens, flooding the market with excess supply and further driving down the price. Historically, such massive sell-offs have triggered panic among retail investors, amplifying market instability and prolonging bearish trends.
Diverging Expert Predictions on XRP’s FutureMarket analysts remain divided on the token’s future trajectory amid this whale exodus. Veteran trader Peter Brandt has identified a bearish head-and-shoulders pattern, warning that a drop below $1.90 could push XRP toward $1.07. He added that only a decisive move above $3 would negate this bearish scenario, though risks remain high in the near term.
On the other hand, a more optimistic view comes from the analyst XForceGlobal, who maintains that XRP’s long-term outlook is bullish despite short-term volatility. The analyst has projected a price range of $7 to $10 by 2025-2026, arguing that short-term fluctuations do not impact XRP’s fundamental trajectory.
Meanwhile, crypto trader Javon Marks has pointed out that XRP has historically experienced explosive breakouts following similar price consolidations. He cited a previous 570% surge following a falling wedge breakout, suggesting that XRP could be on the verge of another major rally. Additionally, the relative strength index (RSI) has hinted at a possible shift in momentum, potentially signaling an upcoming price reversal.
XRP Price Trends Across Different TimeframesXRP’s recent performance reflects persistent weakness. Over the past 24 hours, the cryptocurrency has declined by 3.4%, continuing its downward trajectory. The weekly chart shows a steep 14.5% drop, reinforcing strong selling pressure. A 10.4% decline over 14 days suggests that bearish momentum remains intact, while the 30-day trend reveals a 4.9% decrease, further confirming XRP’s struggle to regain ground.
The massive whale sell-off has undoubtedly intensified XRP’s bearish momentum, raising concerns about its ability to stabilize. While some analysts foresee a continued decline toward $1.07, others remain optimistic about XRP’s long-term potential. For now, XRP investors are closely monitoring key resistance and support levels, as well as broader market trends, to gauge the cryptocurrency’s next move.