XRP’s hold on the $2.5 support appears fragile after whales initiated a massive sell-off of the cryptocurrency.
Specifically, whales collectively sold around 70 million XRP, worth approximately $178 million, over the past 48 hours, according to on-chain data from Santiment shared by Ali Martinez in an X post on October 25.
The sell-off, led by wallets holding between 100,000 and 10 million XRP, comes as the token trades at $2.54, clinging to fragile support amid market uncertainty. Historically, such whale liquidations have preceded short-term declines, and if selling persists, XRP could retest the key $2.00 support zone.
Meanwhile, technical indicators suggest that while a short-term correction remains possible, the long-term outlook for XRP looks promising.
XRP’s imminent breakout
In this regard, analysis shared by ChartNerd in an October 25 X post indicated that XRP has been consolidating within a vertical accumulation range since January 2025, with technical signals pointing to a potentially major breakout.
As things stand, XRP needs to reclaim the $2.60 resistance and turn it into support for any chance of targeting $3 in the coming days.
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