$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
2.0063
-4.02%
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
90,121.71
-2.58%
SOL
130.05
-6.72%
ETH
3,191.59
-3.74%
may be near a short-term bottom — but only if whales stop the selling pressure.