Whale Moves $273M in XRP as Price Faces Rejection at $2.17 — Is a Drop to $1.90 Next?

A Ripple whale has moved 131 million XRP—worth approximately $273 million—in a single transaction, according to data from Whale Alert. The massive transfer between two unidentified wallets has sparked intense speculation about potential market consequences, fueling fears of a looming price correction.

The XRP community is now closely monitoring the market, wary of a possible sell-off that could drive prices lower. While some analysts believe the transaction might be an over-the-counter (OTC) move with limited impact, others suggest it could be a prelude to a massive dump, especially given that another whale recently transferred $63 million worth of XRP just 12 hours earlier.

Amid this wave of whale activity, XRP is battling stiff resistance at the $2.17 level. Despite a 15% gain over the past week, the token has shed 4% in the last 24 hours, indicating mounting pressure. Cryptocurrency analyst CasiTrades points out that if XRP fails again to breach $2.17, the price could retrace to $1.90. “If this rejection continues to play out, support at $1.90 and $1.555 remains firmly in play,” the analyst warned.

Currently trading at $2.06, XRP’s price trajectory remains uncertain. A cascading effect from increased whale transactions could amplify bearish sentiment, pushing the token toward new support levels. However, traders remain cautiously optimistic, eyeing bullish catalysts such as a potential XRP ETF and integration with the SWIFT network—developments that could propel XRP beyond the $3 mark.

Until then, the Ripple community is bracing for more volatility as the market digests the implications of the whale transfer. Whether this is the calm before a bullish breakout or the beginning of a broader correction remains to be seen.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: XRP Defies $795M Crypto Market Outflow, Outshines Bitcoin, Ethereum, and Solana

Andrew Chen

I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.