XRP whale sale reaches $480 million in 48 hours with price falling below $2

The price of XRP fell below the key psychological support level of $2 as bearish pressures intensified in the broader market. The altcoin price decline has accelerated over the past week, prompting major holders to sell heavily.

This change in the behavior of large investors strengthened the downward momentum and weakened the short-term outlook for XRP.

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Whales are changing their position on XRP

Whales move decisively from accumulation to large sale. Addresses holding between 10 million and 100 million XRP have downloaded more than 250 million tokens in the last 48 hours alone, worth more than $480 million.

This selling attack comes after more than 20 consecutive days of accumulation by the same group of holders.

This sudden change indicates a loss of confidence among large investors who previously supported the rise of XRP. Its exit removes an important source of market power It prolongs the decline of XRP. Without renewed confidence from whales, recovery momentum may weaken further and keep prices under pressure.

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General economic indicators highlight a growing vulnerability. The MVRV long/short spread fell below zero for the first time in five months, suggesting that long holders have lost profitability. This shift pushes profit opportunities toward short-term holders, who tend to sell quickly once prices rise.

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if The price of XRP has rebounded Even to a small extent, short holders can leverage their gains by selling, which could put pressure on the upside move. This dynamic often keeps volatility high and narrows the potential for upside.

XRP price may need support

XRP has seen a decrease of 23% in the last 11 days and is trading at $1.92, where it is below the resistance level of $1.94. A loss below $2.00 represents an important psychological break and reinforces the current negative sentiment in the market.

If the whale sale accelerates and macroeconomic indicators deteriorate, XRP could fall towards $1.79 or even lower. This move will deepen losses and extend the current downtrend as market sentiment weakens.

However, if investor support stabilizes or general market conditions improve, XRP may be able to recover $2.00 as support.

A successful recovery could push the price towards $2.14 and higher, helping to reverse recent losses and invalidate the bearish thesis.