XRP Price Drop: 5% Slide & Whale Activity
- despite a broader cryptocurrency market attempting to stabilize amid easing geopolitical tensions, XRP faced critically important selling pressure.
- The digital asset initially fell from $2.21 to a low of $2.08 before a slight recovery.Though, XRP's momentum remained weak, with technical resistance forming around $2.17.
- Large on-chain movements also contributed to the selling pressure.
XRP‘s price plummeted 5.3% to $2.10, even as the broader crypto market showed signs of stability.This downturn, analyzed by News Directory 3, happened despite easing geopolitical tensions, sparking concerns about potential distribution within the digital asset.Large transfers from Ripple and other major holders, often termed “whales,” to exchanges fueled this selling pressure. technical resistance sits at $2.17; crucial support is tested around $2.08-$2.09,making this a key moment for the Ripple’s future. Watch for breakouts or breakdowns between July and September. Discover what’s next for the primary_keyword and potential scenarios for secondary_keyword.
XRP Price Dips Amid Whale Activity, Geopolitical Calm
Updated June 27, 2025
despite a broader cryptocurrency market attempting to stabilize amid easing geopolitical tensions, XRP faced critically important selling pressure. The price of XRP, a digital asset, declined 5.3% over the past 24 hours, settling at $2.10.This drop occurred despite reports of a ceasefire brokered with the help of former President Donald trump, which had calmed some investor anxieties.
The digital asset initially fell from $2.21 to a low of $2.08 before a slight recovery.Though, XRP’s momentum remained weak, with technical resistance forming around $2.17. Analysts are closely watching a descending channel pattern, anticipating a potential breakout or breakdown between July and September. The $2.08-$2.09 range remains a crucial support level for XRP.
Large on-chain movements also contributed to the selling pressure. Ripple transferred $439 million worth of XRP to an unidentified wallet. In addition,other major holders,sometimes called “whales,” moved $58 million to centralized exchanges.These transactions have sparked speculation about potential distribution or internal reshuffling of assets.
The most intense selling occurred between 12:00 and 16:00 UTC on June 26. During this period, hourly volume surged above 99 million XRP as the price declined to $2.10. Multiple attempts to recover were rejected at $2.12, further solidifying resistance at $2.17.
What’s next
Traders should watch for a potential break of the $2.08 support. A sustained move below this level could trigger further declines in the XRP price. Conversely, a break above the $2.17 resistance could signal a renewed bullish trend.
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