XRP Whale Selling Hits $480 Million In 48 Hours As Price Falls Below $2

XRP's price has fallen below the key $2 support level amid intensifying bearish pressure, leading major holders, or whales, to switch from accumulation to significant selling. Addresses holding 10 million to 100 million XRP sold over 250 million tokens, valued at more than $480 million, in just 48 hours, reversing 20 days of prior accumulation. This abrupt shift signals a loss of conviction among large investors, weakening short-term recovery momentum. Furthermore, macro indicators like the MVRV Long/Short Difference slipping below zero suggest long-term holders are losing profitability, potentially leading short-term holders to sell quickly on any modest rebound, thus suppressing upward movement. Currently trading around $1.92 after a 23% drop over 11 days, XRP risks falling further toward $1.79 if selling accelerates, though a successful reclaim of $2.00 could target $2.14.

(Source：BeInCrypto)