The post Whales Dump Billions as Major Support Faces Its Biggest Test Yet appeared on BitcoinEthereumNews.com.

Altcoins XRP continues to hover around a make-or-break zone, with traders watching closely as the token clings to the $2.28-$2.40 support range. After a weak month marked by whale selloffs and fading momentum, XRP is now confronting renewed volatility and mixed signals from derivatives data and institutional developments. Whale and Holder Selling Accelerates Large XRP investors have been steadily reducing exposure since mid-October. Addresses holding more than 1 billion XRP trimmed their positions from 26.19 billion to 25.10 billion tokens, liquidating over $2.6 billion worth at current prices. Mid-sized wallets holding 10 million-100 million XRP also offloaded about 150 million tokens, worth roughly $360 million. Long-term holders joined the selling wave, with Glassnode data showing the Hodler Net Position Change falling from – 18.5 million XRP on October 17 to – 59.5 million XRP by October 21 – a 220% rise in outflows in just four days. Such synchronized selling from both whales and long-term investors has intensified pressure on XRP’s key support area. Technical Picture Shows Fragile Structure XRP’s chart pattern remains bearish, trading within a descending triangle with a firm base at $2.28. The formation suggests sellers maintain control, and a confirmed daily close below this threshold could trigger a deeper slide toward $2.08 or even $1.77 – a potential 14% to 27% drop. A hidden bearish divergence has also formed between XRP’s price and its Relative Strength Index (RSI), signaling weakening momentum. The RSI near 40 still avoids oversold territory but reflects limited buying strength. For bulls to regain traction, XRP would need to close above $2.82, breaking its 50-day SMA and potentially opening a path to $3.10. Derivatives Data Reflects Speculative Activity Recent data from Coinglass shows that open interest in XRP futures has surged sharply since early 2025. After months of stagnation below $2 billion,…

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Filed under: News - @ October 22, 2025 8:25 pm