XRP Price Prediction: Whales Trigger $2.4 Test Amid Sell-Off

Traders are considering the recent XRP price breakdown as a one-time plunge or as a deeper retracement. The crypto dropped to a significantly low level, raising controversies in the market. As on-chain signals and technical indicators flash red, traders doubt whether the token can hold the position above its current base before sentiment shifts.

Unlike previous phases where recoveries came swiftly, the present setup looks fragile. Selling pressure from large holders has compounded the technical downturn, creating a double-layer challenge for bulls. However, periods of uncertainty like this have often served as steps to major recoveries, provided demand absorbs the sell-side trading.

On the technicals, analyst Steph showed that the token has dropped below a key support zone of between $2.70 and $2.90, a zone that drew in buyers. This affirms a collapse of structural strength, which suggests that momentum has changed towards sellers. The new resistance could limit any upward movements, with any attempts at recovery prone to rejection close to the mark of $2.8.

XRPUSD 3D CHART | SOURCE: X

In addition, volume data justifies the continued weakness as reduced purchasing and growing bearish movement indicate decreasing confidence over the short run. If XRP fails to recover this resistance, depreciation to the levels of $2.20 or even to $1.95 is imminent. However, according to traders, such declines could form liquidity zones that can provide good penetrations to long-term investors when the price stabilizes.

Whales Pressure XRP Price Recovery

Additionally, analyst Ali noted a huge redistribution between whale wallets since Friday, with over 2.23 billion tokens sold. The coordinated sell-off has put direct pressure on the value of the asset as bulk holders sold positions near lower highs. Historically, such moves have triggered short-term corrections and long durations of consolidation preceding rallies.

SOURCE: X

Nevertheless, initial signs of stability despite the sell pressure are visible amid a mild rebound near $2.45, a hint that overselling is minimized. If outflows by whales reduce, a lower base could form, leading to a gradual recovery.

Future XRP Price Outlook

In the meantime, sustaining the $2.4 zone is key to avoiding additional losses. While there is downside risk, good accumulation levels could cushion a further fall. If the demand returns and the technical structure becomes better, the asset could regain strength toward the $2.9 mark before attempting a breakout.

At the time of reporting, XRP is trading at approximately $2.45, above the critical support zone.