Could XRP Price Fall Below $2 as Whales Sell $50 Million Daily?
The post Could XRP Price Fall Below $2 as Whales Sell $50 Million Daily? appeared on BitcoinEthereumNews.com.
XRP is under intense pressure as whales sell more than $50 million worth of Ripple’s token daily, stoking persistent declines. It comes as traders and investors await a possible spot XRP ETF approval this month. However, technical indicators hint at further losses, even if positive ETF news emerges. Sponsored Whales Offload XRP, Escalating Sell Pressure XRP whales, holding more than 1,000 tokens, are intensifying their selling. Data from Whale Flow, using a 30-day moving average, indicates approximately $50 million worth of XRP is leaving whale wallets daily. This ongoing trend creates strong selling pressure, negatively impacting market sentiment. Analysts reference CryptoQuant flow charts that visually support sustained net outflows since early 2024. Whale Flow 30DMA shows $50M daily outflow from XRP whales since early 2024. Source: JA_Maartun/X This level of selling is raising concerns among analysts. Many warn that the current downtrend could accelerate unless a clear bullish shift occurs, possibly adding pressure on smaller holders as well. Bearish Technicals and ETF Hopes Collide Peter Brandt, a renowned chart analyst, recently flagged XRP as a “short candidate” if it completes a descending triangle pattern. Sponsored His technical perspective points to more downside risk unless bulls stage an aggressive recovery. A breakdown at Brandt’s identified support level may lead to sharper declines. Descending triangle and major support level. Source: PeterLBrandt/X “This is on my list of short candidates $XRP but it is conditional upon completing the descending triangle, ” Peter Brandt noted. A descending triangle is a bullish reversal pattern whose upside potential hinges on the price not breaking below the technical formation’s lower trendline. Sponsored Hopes for a spot XRP ETF also remain in focus. Some market commentators, including “Steph is Crypto”, claim that the US SEC (Securities and Exchange Commission) might approve an XRP ETF by October 18. Such…
Filed under: News - @ October 10, 2025 7:23 am