XRP Slides 6% to $2.25 as Whale Selling and Trendline Break Trigger Bearish Momentum

XRP extended its decline on Tuesday, dropping 6% to $2.25 amid rising whale activity and a decisive break below its multi-month ascending trendline. The move confirmed growing bearish momentum, reinforced by a 15% plunge in open interest as leveraged long positions unwound. The selling pressure has intensified as traders eye a potential death-cross formation and a critical retest of the $2.20 support level.

Whale wallets offloaded roughly 900,000 XRP over the past five days, amplifying downward momentum. Trading volume spiked to nearly 193.7 million during the selloff—an 87% increase compared to the 24-hour average—highlighting strong distribution. XRP now faces a pattern of progressive lower highs at $2.39, $2.37, and $2.33, underscoring continued weakness and profit-taking among large holders.

Analysts note that the decline aligns with a broader market deleveraging trend rather than panic selling. Large investors have been steadily reducing exposure since late October after multiple failed attempts to break above the 200-day moving average. The 50-day moving average is now curling downward toward the 200-day, signaling a potential death-cross—often viewed as a bearish technical indicator.

Immediate support sits near $2.25, with the next key level at $2.20, where liquidity could attract buyers. Below that, psychological support rests around $2.00 and $1.85. Meanwhile, resistance remains firm in the $2.37–$2.39 zone, which bulls must reclaim to invalidate the current bearish setup.

Traders are closely monitoring whether the $2.20 level can absorb additional sell pressure, how whale wallets behave following recent dumps, and if open interest stabilizes after its sharp decline. For now, XRP’s price structure and momentum indicators suggest continued caution for bullish traders amid growing downside risks.