The post Why Are Crypto Whales Dumping XRP? Key Factors Behind the Price Crash appeared first on Coinpedia Fintech News
Despite several positive developments for XRP, the price has taken a sharp fall. Events such as Donald Trump mentioning XRP on Truth Social, speculation about a U.S. XRP Reserve, the possibility of the SEC dropping its lawsuit against Ripple, and pro-crypto appointments like Howard Lutnick in key White House roles should have boosted investor confidence. Additionally, the SEC has launched a crypto task force to establish clearer regulations.
However, none of this has prevented XRP from crashing 29.9% in the last 30 days, including a 14% drop this week and a 10.5% decline in just 24 hours.
With such heavy losses, can XRP recover? Let’s take a closer look.
Crypto Market in a Downtrend
The entire crypto market is in a bearish phase, with a 9% drop in the past 24 hours. Most top cryptocurrencies have suffered losses:
- Bitcoin (BTC): -6.2%
- Ethereum (ETH): -10.5%
- BNB: -5.2%
- Solana (SOL): -12.6%
- Dogecoin (DOGE): -10.3%
- Cardano (ADA): -9.2%
XRP has followed the trend, falling 10.5% in the past 24 hours and 11.63% just yesterday.
XRP at Critical Price Levels
At the moment, XRP is trading at $2.197, which is 28.55% below its monthly high. According to crypto analyst EGRAG CRYPTO, if XRP drops below $2.30, it could face a further freefall to lower price levels.
Yesterday, XRP closed at $2.278, and today, it remains 3.77% lower than its opening price.
#XRP – 12 Hour time Frame: (Updated):
— EGRAG CRYPTO (@egragcrypto) February 24, 2025
Take a look at the previous post from February 12, but I’ll simplify things for you! check the colored comment
The Updated Chart:
We closed above $2.60, which is a bullish sign!However, we struggled to close above $2.85. Our key… https://t.co/nXkZQsgEnL pic.twitter.com/17Jx8j2j5a
- Also Read :
- Is Crypto Bull Run Over?
- ,
XRP Technical Analysis: A Short Overview
Technical indicators show mixed signals:
- RSI at 33.04: XRP’s Relative Strength Index (RSI) on the daily chart is in the oversold zone, meaning a rebound could be possible.
- Falling Futures Open Interest: XRP’s Futures Open Interest has dropped by over 15%, signaling that investors are losing confidence.
- Surging Trading Volume: XRP’s 24-hour trading volume is 100.52 million, the highest since February 3, 2025.
On-chain data shows that large XRP holders—whales—have sold over 81 million XRP on exchanges, adding further pressure to the price.
XRP’s recent crash, whale sell-offs, and declining investor confidence raise concerns about its short-term outlook. However, oversold conditions and strong trading volume could open the door for a recovery.
Will XRP bounce back, or does it have further to fall? Investors should watch closely.
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FAQs
XRP’s low RSI suggests a possible rebound, but market volatility, investor uncertainty, and whale activity make it a high-risk investment right now.
XRP might reach a high of $3.99 with an average of $3.07.
As per our XRP price prediction 2040, Ripple could reach a maximum price of $148.37.
By 2050, a single Ripple price could go as high as $418.73.
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