Behind XRP’s 440 mln dump – Is the $2.72 support zone cracking?
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Key Takeaways What does the 440M XRP whale sell-off reveal about sentiment? Massive whale exits highlight rising caution and fading optimism, driving XRP closer to its critical $2.72 support zone. What do metrics signal? MVRV fell to 2.21 while NVT spiked to 393, reflecting weaker network strength and fading profit margins. Over the past 30 days, Ripple [XRP] whales have offloaded nearly 440 million tokens, intensifying selling pressure across the market. This large-scale distribution came amid rising uncertainty, as on-chain data showed weakening investor confidence and slowing network activity. The combination of whale sell-offs, muted transaction growth, and falling profitability reflected fragile market sentiment. Will XRP’s support zone hold amid whale pressure? XRP continued to struggle under a descending trendline, with prices consolidating near the $2.80 mark. The chart showed a clear support zone around $2.72, which repeatedly cushioned declines since August. A rebound from this level could trigger a short-term recovery toward $3.08. On the other hand, a breakdown might expose the altcoin to the next key support at $2.39. Market sentiment stayed cautious, though the persistent defense of this zone suggested that bulls were still attempting to prevent a deeper decline. On-chain readings reinforced this cautious setup. Source: TradingView Fading investor optimism The MVRV Ratio (Z-Score) for XRP fell steadily to 2.2 at press time, indicating that holders’ average profitability had weakened. Contextually, this decline highlighted reduced valuation strength, suggesting that fewer investors are currently in profit. Typically, lower MVRV readings signal potential undervaluation but also reveal waning confidence in near-term gains. Interestingly, the aforementioned dip mirrored previous cycles where XRP later rebounded from similar levels. However, unless buying pressure returns, sustained low profitability could discourage accumulation and limit bullish momentum across the broader market. Source: Santiment Rising NVT ratio hints at overvaluation XRP’s Network Value to Transaction…
Filed under: News - @ October 9, 2025 10:29 pm