Whales Make Waves: $58 Million XRP Dump Sparks Market Frenzy

Crypto's deep-pocketed players are at it again—XRP just got hit with a $58 million liquidity bomb.

Whale Watching 101

On-chain sleuths spotted three massive XRP transfers hitting exchanges in under an hour. Classic sell-off precursor behavior from the big players who move markets with single transactions.

Price Impact?

While retail traders scramble, the real question is whether this is profit-taking or strategic repositioning. Either way, exchanges are now sitting on enough XRP to move the needle—just in time for the usual weekend volatility.

As the crypto elite play chess with their millions, the rest of us get to play checkers with the aftermath. How very decentralized of them.

TLDR

• XRP dropped 5.3% from $2.21 to $2.10 despite easing geopolitical tensions and ceasefire news
• Ripple transferred $439 million in XRP to unknown wallets while other whales moved $58 million to exchanges
• Technical resistance formed at $2.17 with key support holding at $2.08-$2.09 zone
• Price recovery attempts failed at $2.14 and $2.12 levels before settling around $2.10
• Analysts view the decline as part of an ABC correction pattern rather than a long-term trend shift

XRP faced downward pressure over the past 24 hours, declining 5.3% to $2.10. The drop occurred despite improving market conditions following ceasefire agreements in the Middle East.

The token fell from $2.21 to a session low of $2.08 before recovering slightly. Former President TRUMP reportedly helped broker a ceasefire between Iran and Israel, which improved overall market sentiment.

Despite the positive geopolitical news, XRP struggled to maintain recent gains. Large-scale whale activity dominated trading sessions with heavy volume surges.

Ripple transferred $439 million worth of XRP to an unknown wallet during the trading period. Additional whale wallets moved another $58 million to centralized exchanges, raising questions about potential distribution plans.

The steepest selloff occurred between 12:00 and 16:00 UTC on June 26. Back-to-back hourly volume surges exceeded 99 million XRP as the price declined to $2.10.

Technical resistance formed at $2.17 with multiple rejection wicks appearing above $2.12. The token’s inability to reclaim $2.14 resistance indicates underlying bearish momentum.

Price Movement Analysis

XRP traded within a $0.13 range during the 24-hour period. The heaviest selling occurred with volume exceeding 114 million XRP during peak trading hours.

Recovery attempts failed at both $2.14 and $2.12 levels. The token settled around $2.10 after multiple unsuccessful breakout attempts.

By midnight UTC, XRP had revisited its session low of $2.08. A modest bounce followed in the final trading hour as price climbed from $2.09 to $2.10.

Short-lived momentum peaked at $2.105 before consolidating. Volume dropped late in the session, suggesting buyer fatigue despite the $2.08 support zone holding firm.

Technical Outlook

Analysts identify the current movement as part of an ABC correction pattern. CasiTrades noted that XRP remains above the 0.5 Fibonacci retracement level, indicating the uptrend stays intact.

🚨No Panic Needed – XRP Charts Showing Controlled Pullback 🚨

Judge Torres’ denial of early judgment clarification for Ripple & the SEC triggered some volatility… but let’s stay focused on what matters: the chart.

Technically, nothing has changed.

This drop fits cleanly into… pic.twitter.com/0S3V0iIb1D

— CasiTrades 🔥 (@CasiTrades) June 26, 2025

The price decline represents typical market behavior during corrections rather than a long-term trend shift. XRP is likely at the end of the C wave of the ABC correction pattern.

Technical analysts forecast a final low between $2.07 and $2.10. The $2 level represents strong support that is unlikely to break.

Shorter-term RSI indicators show seller exhaustion, often signaling the end of pullbacks. After reaching these levels, XRP might be positioned for a reversal.

The final hour showed a modest 0.54% gain from $2.09 to $2.10. Volume spiked to 930,000 XRP during the 01:42-01:45 timeframe before consolidating NEAR $2.10 in the final 15 minutes.