$400 Million XRP Offloaded in 48 Hours Amid Market Sell-Off

XRP experienced a significant sell-off, with major whale wallets offloading nearly 200 million XRP worth approximately $400 million within 48 hours.

Santiment data indicates wallets holding 1-10 million tokens were the primary sellers, increasing market liquidity.
XRP's price fell 10.32% in 24 hours, dropping below the $2 level to lows near $1.85.
Market indicators show XRP trading below its 50-day and 200-day Simple Moving Averages.
The Fear & Greed Index is at 14, indicating "extreme fear" as selling volume surpassed $7.2 billion in 24 hours.
If resistance near $2.30 isn't reclaimed, further drops towards $1.50 are possible.

Broader market impacts include Bitcoin's fall below $85,000 and Ethereum's drop below $3,000, influenced by macroeconomic factors like potential Federal Reserve rate cut delays.

Analysts suggest stabilization for XRP if whale selling pauses, with recovery targets between $2.50 and $2.70.
Medium-term predictions indicate trading between $1.96 and $2.27 into late 2025, contingent on regulatory clarity and ETF developments.

Currently, XRP faces heavy supply pressure, and future stability depends on whale activity.

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