$800M XRP Whales Sell-Off Trigger Chaos: Is XRP $2 Support Level In Danger?

XRP is in the middle of a storm as XRP whales have recently exited their positions. Since the start of April, the XRP whales have offloaded a whopping $800 million worth of tokens. This massive selloff has sent waves through the Ripple community. Concerns have risen among investors, who are left wondering whether this is a new shift in the market or just a temporary pullback before the next bull run.

Whales Exit En Masse: What’s Driving the Sell-Off?

The XRP whales, known for their ability to move markets, have dumped over 370 million XRP tokens in recent weeks, according to analyst Ali Martínez. “Whales have sold over 370 million $XRP since the start of the month!” Martínez reported, highlighting the scale of the exodus. The timing of the liquidations is peculiar. It comes just after Ripple CEO Brad Garlinghouse announced the effective end of the company’s long-running legal battle with the SEC.

Whales have sold over 370 million $XRP since the start of the month! pic.twitter.com/KXiCjGHmBM

— Ali (@ali_charts) April 15, 2025

This wave of selling has fueled concerns that the much-anticipated lawsuit closure was a classic “sell-the-news” event. Despite the hype around legal clarity, whales began offloading their holdings, pushing the XRP price down from highs near $2.50 to as low as $2.10—a 16% plunge in just days. Analysts warn that if key support levels fail, XRP could tumble further, possibly to $1.65.

Market Uncertainty and What’s Next for XRP Prices

The sell-off’s timing has left traders wary, especially as the SEC has yet to officially confirm the case’s closure. Some experts argue that the real rally happened on the expectation of a lawsuit win, not the resolution itself. As one analyst put it, “the real gains for XRP came on hype that the lawsuit would be concluded instead of the actual ending.”

Still, the Ripple community hopes for a turnaround. The crypto world is abuzz with speculation about a potential XRP ETF approval in the U.S., a move that could spark renewed institutional interest and another hype-driven rally. For now, the XRP whale exodus is a stark warning that big players are bracing for more market turbulence. 

XRP Price Analysis: XRP Tumbles to $2!

The XRP price stood at  $2.1240 at 00:00 UTC yesterday. It soon went on to test the support. With golden crosses appearing on the MACD, the altcoin started climbing. Although met by several corrections, the overall uptrend continued till 9:05 in the morning, as XRP tested the $2.182 resistance. However, the market was overbought at this point, and a correction was called in. XRP slumped to $2.148, stabilizing for a while before another uptrend started. It again tested the resistance at 13:50, failing to breach it once more.  

Chart 1: published on TradingView, April 16, 2025

An extended downtrend followed, thanks to the death cross at 13:50 UTC, as XRP eventually found support at $2.0664. Around 20:00 UTC, it seemed like XRP was stabilizing, with the $2.107 support, but the bears continued to exert downward pressure as XRP tumbled to near $2 levels. The coin was heavily oversold at this point, and an uptrend was expected. However, bearish pressure continued to persist as the uptrend could not make any meaningful progress. As of the last update, XRP had dipped further below, trading at $2.05. 

XRP Price Prediction: XRP Fails $2.2 Test, Can It Hold $2?

XRP’s progress has been marred by the $2.2 level. In the past as well, $2.2 has been a key resistance. It is also worth noting that XRP has dipped farther than it would have preferred, based on analysis from famous experts. Given that, the bearish pressure seems to be persisting. This means that XRP may continue the bearish trend. However, if it can raise $2, future growth will be much more streamlined.