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Ripple (XRP) Price Prediction & Analysis: Whales Dump $2.3B as Token Slides Below $2.1
The XRP market is experiencing a significant downturn, with the token’s price plummeting below the crucial $2.1 level. This sudden decline can be attributed to a massive sell-off by whales, with over $2.3 billion worth of XRP being dumped on the market in just two days.
As reported earlier, this drastic move could potentially trigger further price declines. The token is now facing significant resistance at the $2.15 mark, which if broken, could lead to additional downward pressure. We must closely monitor the upcoming support levels of $2.08 and then the critical $2.05 level. If these levels fail to hold, we may see a push toward the psychologically important $2.00 mark.
On the upside, XRP faces resistance at $2.15, $2.18, and $2.20. A clear move above this point could potentially target the $2.25 and $2.28 levels.
However, it is essential to consider broader market trends as well. The ongoing global trade tensions have put risk assets under pressure, causing a ripple effect that has spilled over into cryptocurrency markets. This could also be contributing to XRP’s decline in value.
It’s also important to note that public interest in XRP has waned, with Google Trends data showing the lowest level of search interest in 2025 despite Ripple’s legal victory. The potential approval of an ETF later this year could provide a catalyst for renewed interest and potentially turn the tide for XRP’s price movement.
As always, we recommend exercising caution when trading and staying vigilant of any changes in market conditions.
Source: https://coincentral.com/ripple-xrp-price-prediction-analysis-whales-dump-2-3b-as-token-slides-below-2-1/
