Tag: candlestick

Whales Dump $480M XRP in 48 Hours

The post Whales Dump $480M XRP in 48 Hours appeared com. Key Insights: Whales unloaded over $480M XRP, causing pressure as price dropped from $2. 30 to $1. 95. XRP is retesting a crucial weekly support zone that has held firm throughout 2025. An ascending triangle remains intact, but a breakdown could shift trend momentum downward fast. Whales Dump $480M XRP in 48 Hours: What’s Driving the Sell-Off? In the past two days, wallets holding 10 million to 100 million XRP have sold off more than $480 million worth of the token. This data points to a sudden shift in behavior from some of the largest XRP holders. The drop in whale balances began around November 20, following a steady buildup earlier in the month. At the same time, XRP’s price fell from above $2. 30 to near $1. 95. This overlap suggests the sell-off may have contributed to the recent price pressure. “Large holders might be taking profits or responding to short-term risk,” some have said, though the reason remains unclear. Key Support Zone Back in Play XRP was trading near a key weekly support range between $1. 80 and $2. 10. This level has served as a price floor several times throughout the year. The latest candlestick shows a small bounce after touching this zone. Charts shared by traders point to this area as a critical line for bulls. If price holds and buyers step in, the recovery could continue. But if support fails, it opens the door to a deeper correction. A close above $2. 20 would help confirm strength and shift the focus back toward higher levels. The pattern shows a flat resistance line and rising support, often seen before breakouts. Price has continued to post higher lows, keeping the structure in place.