A massive transfer of 29,532,534 XRP—valued approximately at $64,429,964—from a whale has sparked fear within the Ripple community, with most investors aligning this mammoth transfer to a potential upcoming dump in XRP price.
Historically, large inflows to exchanges like Coinbase signal profit-taking or preparation for a large sell-off in the market, often leading to price dips. A similar transfer of 29.5 million XRP on April 29, 2025, valued at $68.7 million, was also flagged as a bearish indicator by some on-chain analysts and this latest transfer is adding fuel to the speculation.
With XRP already down from the weekly high of $2.348, as noted by CoinMarketCap, this latest whale movement could exacerbate downward momentum and spread bearish pressure in the market.
At the time of writing, XRP price is trading near $2.18 – declining merely 0.72% in the past 24 hours. Notably, the 24 hour trading volume for XRP has also shrunk 30% today, with it currently sitting at $1.49 billion.
Is XRP’s $2 Crash Imminent?
The whale transfer has intensified fears of a potential price crash for XRP, particularly as it struggles to hold above critical support levels.
All major technical indicators are sending mixed signals for XRP: while the MACD shows bullish momentum, the CRSI is nearing overbought territory, suggesting a correction might be looming.
Additionally, declining trading volume paired with rising open interest in XRP indicates traders are adopting a defensive stance, potentially bracing for increased volatility.
Historically, XRP’s $2 level has acted as a strong support zone, but a break below this could see prices slide to $1.80, $1.50, or even $1.20 in a worst-case scenario.
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