XRP faces renewed selling pressure, down nearly 10% this week, with whales moving 500,000 tokens in 48 hours.

Critical support lies at $2.13; a breakdown could push the price toward $1.50.

Indicators show short-term bearish momentum, but potential for a rebound exists if support holds.

XRP has entered a challenging phase after weeks of consolidation. According to a recent tweet by Ali, over 500,000 $XRP were sold by whales in just 48 hours, reflecting heightened market activity among large holders.

This comes as the weekly chart for November 8, 2025, shows the price hovering around $2.28, down almost 10% for the week.

The recent decline highlights that bullish momentum from late 2024’s rally is facing corrective pressure. Traders are now closely monitoring how the market responds to key support and resistance levels.

Technical indicators suggest the market is struggling to regain strength. The Bollinger Bands display an upper level near $3.48, a middle band at $2.81, and a lower band around $2.13. XRP currently trades below the middle band, signaling bearish to neutral momentum.

The widening of the bands indicates rising volatility, which often precedes decisive moves. A close below $2.13 could push XRP into deeper corrective territory, while a bounce from this level could mark the start of a short-term recovery.

Also Read: XRP Faces $93M Shock: Midas Exposure Sparks Panic

20-Week and 50-Week SMAs as XRP Key Levels

Moving averages add to the mixed outlook. The 20-week SMA sits above the current price, while the 50-week SMA near $2.30 acts as immediate support. If XRP cannot hold this area, it risks confirming a medium-term trend reversal from bullish to bearish.

Momentum indicators show additional weakness. The RSI has dropped to 43.6 from 53.7, pointing to a loss of buying strength.

Meanwhile, the MACD has formed a bearish crossover, and the Squeeze Momentum Indicator (SQZMOM) has turned negative, signaling that sellers currently dominate the market.

Key structural levels indicate that resistance sits at $2.80 and $3.48, while support zones are found at $2.13, $1.50, and $1.00. 

The area between $2.13 and $2.30 is critical, holding it could stabilize prices, while a breakdown could trigger a decline toward historical accumulation zones.

Outlook: Short-Term Bearish, Long-Term Caution

XRP’s current setup reflects short-term bearish momentum amid a broader consolidation phase. While indicators suggest weakening strength, the long-term trend remains cautiously positive as long as prices stay above $1.50.

Traders will need to watch the $2.13–$2.30 zone closely, as it is likely to determine XRP’s near-term direction.

Any decisive move above resistance or below support in the coming weeks could set the tone for the next phase of market action, whether it is recovery or further decline.

Also Read: Bullish Momentum: Could XRP Price Rally Toward $3 in November 2025?

---

Filed under: Bitcoin - @ November 8, 2025 3:30 pm