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Whales Dump $480 Million in 48 Hours as XRP Slides Below $2

 In the rapidly shifting world of cryptocurrencies, even the largest market participants are not immune to panic and sharp reversals. Over the past 48 hours, major holders—so‑called “whales”—of XRP have dumped roughly $480 million worth of the token, coinciding with XRP’s drop under the psychologically important $2 level. This sudden reversal in behaviour is raising serious questions about sentiment, support levels and the outlook for the token in the near term.

Whale Activity Turns from Accumulation to Liquidation

Large wallets holding between 10 million and 100 million XRP had been in accumulation mode for more than 20 consecutive days. That trend came to a sudden halt: they sold approximately 250 million XRP, equivalent to over $480 million within just two days. 
This shift from “buying the dip” to outright selling suggests a meaningful change in belief among large‑holders—in other words, they may no longer expect a quick rebound for XRP. Their liquidation reduces a key source of buying pressure and may extend the downtrend. 

Macro and Technical Signals Flashing Caution

Beyond the raw numbers, several broader indicators are now showing increased risk:

  • The Long/Short MVRV (Market Value to Realized Value) metric for XRP has fallen below zero for the first time in five months—traditionally a warning sign that long‑term holders are no longer in profitable positions. 

  • The token’s price has dropped ~23% in the past 11 days, trading around $1.92 and already losing the $2.00 support level. 

  • As buying support dries up from the whales, and short‑term holders may look to lock in profits if there is a minor rebound, the potential for further downward pressure increases.

What Happens Next? Two Scenarios

The path forward for XRP appears to hinge on which of two broad scenarios plays out:

Scenario A: Continued Downtrend
If whale selling persists and macro indicators worsen, XRP could retest lower levels. The article suggests a possible drop to around $1.79 or even below—a significant decline from its recent peak. 
In this scenario, sentiment turns more deeply negative, fewer buyers step in, and the token remains in a risk‑off mode.

Scenario B: Stabilisation and Rebound
On the flip side, if large buyers or institutional money re‑enter the fold, or if the broader crypto market mood improves, XRP could reclaim the $2.00 level as a foundation. A successful rebound could push it toward $2.14 or higher, signalling a potential trend reversal. 
However, the article makes clear that this more optimistic path requires meaningful inflows and a shift in sentiment—which is not guaranteed.

Key Takeaways for Investors

  • Large‑holder behaviour matters: when whales shift from accumulation to distribution, it often signals a change in trend or market sentiment.

  • Psychologically important support levels (such as $2.00 in this case) carry extra weight; their loss can influence market psychology.

  • Metrics like MVRV provide insight into how much profit (or loss) long‑term holders are carrying—which can influence whether they are likely to sell or hold.

  • Two‑speed markets: the fate of a single token like XRP is not just a function of its fundamentals, but also of broader market mood and large‑holder decisions.

  • Risk management remains essential: market conditions change fast in crypto, and what looked like accumulation one week may become liquidation the next.

Conclusion

The recent $480 million sell‑off by whales in the XRP market underscores the fragility of sentiment in the current crypto environment. With the token slipping below the $2 threshold and major holders pulling back, the risk of further declines is real. That said, the possibility of a rebound remains if demand steps in. For investors, vigilance, awareness of large‑holder moves and respect for key support levels are more important than ever.

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