XRP Tumbles 5% Amid Heavy Sell-Off—Whale Movements Fail to Stem the Bleeding

XRP takes a nosedive as traders dump holdings—whale-sized transactions aren't enough to prop up the sinking ship.

Market jitters or just another day in crypto casino economics? The 'smart money' keeps moving, but retail bags keep getting heavier.

News Background

• Market sentiment improved slightly after former U.S. President Donald Trump reportedly helped broker a ceasefire between Iran and Israel, calming some investor fears.
• Despite that, XRP struggled to hold recent gains as traders reacted to large on-chain movements. Ripple transferred $439 million worth of XRP to an unknown wallet, and other whale wallets moved another $58 million to centralized exchanges — raising questions about potential distribution or internal reshuffling.
• Although these events drew attention, the token’s inability to reclaim $2.14 resistance signals underlying bearish momentum.
• Technical analysts continue to monitor XRP’s descending channel pattern, with expectations for a breakout or breakdown between July and September. For now, the $2.08-$2.09 zone remains a critical level to hold.

Price Action

XRP dropped from $2.21 to $2.10 over the 24-hour period, marking a 5.3% decline within a $0.13 range. The steepest selloff occurred between 12:00 and 16:00 UTC on June 26, with back-to-back hourly volume surges above 99 million XRP as price fell to $2.10. Resistance formed clearly at $2.17, with multiple rejection wicks above $2.12 later in the session.

By midnight UTC, XRP had revisited its session low of $2.08. A modest bounce followed in the final hour of the session, as price climbed from $2.09 to $2.10, with short-lived momentum topping at $2.105. A drop in volume late in the session suggests buyer fatigue, though the $2.08 support zone held firm.

Technical Analysis Recap

• XRP declined 5.3% from $2.21 to $2.10, with a total intraday range of $0.13
• Heaviest selling occurred from 12:00–16:00 UTC on volume over 114M and 99M XRP
• Strong resistance formed at $2.17; key support tested at $2.08–$2.09
• Recovery attempts failed at $2.14 and $2.12 before settling around $2.10
• Final hour showed modest 0.54% gain from $2.09 to $2.10, with volume spiking to 930K XRP during 01:42–01:45
• Consolidation NEAR $2.10 in final 15 minutes suggests short-term stabilization