XRP whales offload $1.9B as analyst sounds alarm over 30% price crash risk
Main Idea
XRP whales have offloaded a significant amount of tokens, raising concerns about a potential 30% price crash unless key support levels are maintained.
Key Points
1. XRP whales have offloaded 640 million tokens (worth $1.91 billion) in the past month, with most distribution occurring between $2.28 and $3.54.
2. Analysts warn that XRP may remain structurally weak unless whale wallets see daily inflows exceeding 5 million tokens.
3. A bearish divergence between rising prices and falling momentum on weekly charts suggests a potential crash toward $2 if XRP fails to hold above the $2.65 support level.
4. Some whale activity may reflect internal reshuffling rather than outright selling, but retail demand has likely absorbed much of the distributed supply.
5. A break below the $2.65 support could lead to a deeper drop toward the 50-week EMA at $2.06, a key mean-reversion level.
Description
XRP may stay structurally weak unless whale wallets see daily inflows above 5 million tokens, one analyst warns.
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