XRP Whales Unload $780 Million as Price Struggles to Hold Above $2

Whale wallets have been reducing their exposure at a notable pace. Over the past week, addresses holding between 1 million and 10 million XRP collectively sold more than 390 million tokens — valued at about $783 million.

This wave of distribution suggests that major holders are losing confidence in a strong near-term recovery. Such large-scale selling often weighs on sentiment and liquidity, especially when concentrated among accounts capable of moving the market.

Despite the aggressive whale activity, long-term investors are adding a stabilizing effect. Data from HODL Waves shows the 1-year to 2-year holder cohort increasing its share of the circulating supply from 8.58% to 9.81% within a week.

This rise suggests growing commitment from maturing holders who continue to keep their XRP through volatility. Their behavior has helped soften the downward impact and maintain price stability around the $2 threshold.

At the time of writing, XRP trades at $2.00 — a level that has repeatedly acted as both psychological and technical support. Price action has continued to rotate back to this area, confirming its importance in the current structure.

With whales selling and long-term holders accumulating, the asset is likely to remain in a consolidation zone between $2.00 and $2.20 unless market sentiment shifts decisively. A catalyst such as broader market strength or renewed demand would be needed to push XRP out of this range.

If bearish momentum accelerates and selling pressure deepens, XRP could slip under the $1.94 support. Falling below this level would expose the market to further downside toward $1.85, erasing short-term bullish expectations.

For now, XRP sits at a crossroads — balancing whale-driven sell-offs against steady accumulation from committed holders.