Oh dear, XRP has stumbled back to the oh-so-terrifying $2 level, a place where it’s been squatting like an unwanted guest after repeated failed attempts to break free. The market’s a bit of a mystery these days, isn’t it?
Every time XRP tries to go above that pesky resistance, it’s met with the cold, hard slap of selling pressure, dragging it back to the dreaded $2 mark. Poor thing.
XRP Holders Are Playing Tug of War… And It’s Getting Ugly
Meanwhile, the whales-those big, fat holders of XRP-have started dumping their loot like it’s going out of fashion. In just the last seven days, wallets holding between 1 million and 10 million XRP have thrown over 390 million XRP into the market. That’s over $783 million worth of XRP, gone! Poof!
Clearly, these big fish are pretty ticked off. They thought we’d see a bounce back, but no dice. When whales sell, it tends to make everyone else a bit nervous, and that’s not good for the mood of the market.
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But wait! Not all hope is lost. The long-term holders-those who aren’t just here for a quick buck-are fighting back. According to HODL Waves data, the share of XRP held by those who’ve been patient for 1 to 2 years has risen from 8.58% to 9.81% over the past week. They’re not giving up easily!
This could mean that those who bought XRP last year (and have a bit more patience than the whales) are sticking with it through the ups and downs. It’s like the calm before the storm, helping to keep XRP steady at $2. Not bad, eh?
XRP Price Takes a Little Nosedive
As of now, XRP is clinging to $2.00, like a cat to a tree during a thunderstorm. This price level is both a psychological and technical support zone. Every time it falls, it just seems to crawl back, a sign that this $2 mark is a bit of a big deal.
With the whales slapping the price down and the loyal long-term holders trying to keep things from falling apart, XRP is likely to stay stuck between $2.00 and $2.20 until something major happens. Maybe the market will cheer up? Or maybe not.
But hey, if the selling frenzy from the whales picks up speed, we might see XRP fall right through that $1.94 support like a wet paper bag. And if that happens, brace yourselves for a plunge to $1.85-bye-bye, hope for a quick rebound.
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2025-12-08 02:04