- XRP dropped 13% as Bitcoin fell below $91K, triggering massive liquidations.
- Whales moved 52 million XRP to exchanges, signaling reduced confidence in future gains.
- Analysts warn of a potential drop to $1.65 if selling pressure continues.
Ripple's XRP is navigating choppy waters as volatility shakes confidence. Bitcoin’s dip below $91K has fueled bearish sentiment, sending XRP down over 13% in 24 hours. Liquidations have surged, and whales have started offloading large amounts. The price recently fell below a key support level, raising concerns about further losses. Analysts predict a potential drop to $1.65 if selling pressure continues. Is this downturn the beginning of an even steeper decline?
XRP Liquidations and Whale Sell-Offs Raise Alarms
Leverage traders have suffered massive losses. Over $56 million in liquidations hit XRP in one day. Long traders lost more than $52 million on Bybit, Binance, and OKX. The market reacted with heavy selling, increasing downward pressure. Whales have also changed their strategy. Recent on-chain data shows large holders moving 52 million XRP, worth $128 million, to Bybit.
This shift suggests reduced confidence among major investors. Without strong whale support, recovery becomes harder. From a technical standpoint, XRP slipped below the $2.26 support level. Analyst Ali Martinez warns that $1.65 could become the next major target. The strong correlation with Bitcoin increases the risk of further declines. If Bitcoin continues to fall, XRP may struggle to hold above $2.
Institutional Interest and Regulatory Developments Offer Hope
Despite the bearish trend, institutional demand remains steady. Several asset managers, including 21Shares and WisdomTree, have filed for spot XRP ETFs. The SEC has acknowledged some applications, opening the door for potential approvals.
Ripple Labs continues strengthening the blockchain ecosystem. Strategic partnerships aim to improve real-world adoption. The evolving regulatory environment under President Donald Trump’s administration could also bring clarity.
For now, XRP faces a critical moment. A drop below $2 could trigger further panic. Traders must watch key levels as uncertainty grips the market.