When XRP Whales Dump $50M a Day — Is a 22% Crash Inevitable?
Crypto watchers are sounding alarms: large XRP holders—whales—are reportedly offloading nearly $50 million worth of XRP every day onto exchanges. (TradingView) This surge in supply, coupled with weaker market momentum, has some analysts warning of a 22% drop toward $2.20 if support breaks. (Blockonomi)
What’s driving the risk?
1. Whale sell pressure & rising exchange supply
Big holders moving coins into exchange wallets often signals intent to sell. This adds supply right when buyer demand is shaky.
2. Weakening technicals
XRP is stuck inside a descending triangle, and expert Peter Brandt notes that a close below ~$2.68 may trigger a slide to $2.20. (Blockonomi)
3. Low on-chain demand & fading interest
Declining active addresses and lower transaction volume suggest fewer users are engaging, reducing natural support. (Cointelegraph)
4. Broader market headwinds
Risk-off sentiment in crypto often drags XRP lower, especially when whales are selling. (FXStreet)
Despite this, some hopeful narratives remain—like speculation about an eventual XRP ETF or renewed institutional flows—but they’re far from guaranteed.
Conclusion
While not a certainty, the pattern of heavy whale dumps, weakening technicals, and low user activity paints a bearish backdrop for XRP. If support fails, a drop toward $2.20 (or beyond) might be on the table. But anything in crypto can surprise.
Takeaways:
- Whale movement of ~$50M/day is adding sell-side pressure.
- A break below ~$2.68 could open a path down to ~$2.20.
- Declining transaction activity hints at cooling demand.
- Market-wide weakness amplifies downside risk.
Source credit: Cointelegraph / TradingView analysis
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