$XRP faced a sharp 6% drop from $2.49 → $2.41 this week as whales unloaded over 2.2B $XRP ($5.5B) onto exchanges.
XRP
1.5367
-0.81%
Open interest in $XRP futures collapsed 50% to $4.22B, signaling massive forced deleveraging and risk-off sentiment from institutions.
📉 Support at $2.48 broke, causing cascade liquidations down to $2.40, now the key support zone.
If this level holds, traders expect range-bound movement before a potential relief rally above $2.55.
With funding rates turning negative and sentiment deeply bearish, XRP
BTC
74,415.01
-0.32%
SOL
94.86
+0.73%
ETH
2,339.12
+0.43%
may be near a short-term bottom — but only if whales stop the selling pressure.