The Ripple (XRP) market is heating up as major whale wallets begin massive sell-offs, sparking growing anxiety among investors. Despite the price holding steady around $2.41, technical signals paint a dramatic picture — torn between a potential breakout and the risk of a deep correction.
Technical Signals: A “Big Wave” May Be Forming
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XRP remains within an ascending channel that has held since late 2024, currently testing key support near $2.40.
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On the weekly chart, the MACD continues forming higher lows, suggesting that bullish momentum is quietly building.
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The SRSI indicator has plunged into oversold territory (6.24) — a setup that has often preceded strong rebounds.
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Analyst ChartNerd predicts:
“If XRP holds this support, the first target could be $5, marking the beginning of a major new uptrend.”
Short-Term Pressure: Correction Risks Still Loom
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According to Ali Martinez, XRP has broken below $2.60, forming a “lower highs and lower lows” structure — a classic bearish signal.
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Martinez warned:
“If XRP fails to reclaim $2.60 soon, a drop toward $2.00 seems likely.”
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The $2.30 zone is seen as near-term support, while $2.55 remains a key resistance level that could trigger a recovery toward $2.75 if market sentiment turns positive.
Whales Are on the Move
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Data from STEPH IS CRYPTO reveals:
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Wallets holding over 1 billion XRP have dumped more than 1.09 billion tokens since October 16.
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The sell-off, worth approximately $2.63 billion, marks one of the largest whale moves in recent weeks.
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Despite these outflows, XRP’s price has held between $2.33 and $2.44, leading analysts to describe the zone as a quiet accumulation phase rather than a breakdown.
A New Catalyst: Ripple-Backed Firm Plans Nasdaq Listing
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Evernorth, a Ripple-backed company, has announced plans to go public on Nasdaq through a merger deal.
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The move could become a major catalyst for the XRP ecosystem, boosting long-term confidence in the token’s future value.
As whales offload billions and traders brace for volatility, one question dominates the crypto market:
Will XRP surge toward $5 in a dramatic comeback — or plunge to $2 under the weight of whale sell pressure?
