XRP’s hold on the $2.5 support appears fragile after whales initiated a massive sell-off of the cryptocurrency.
Specifically, whales collectively sold around 70 million XRP, worth approximately $178 million, over the past 48 hours, according to on-chain data from Santiment shared by Ali Martinez in an X post on October 25.
The sell-off, led by wallets holding between 100,000 and 10 million XRP, comes as the token trades at $2.54, clinging to fragile support amid market uncertainty. Historically, such whale liquidations have preceded short-term declines, and if selling persists, XRP could retest the key $2.00 support zone.
Meanwhile, technical indicators suggest that while a short-term correction remains possible, the long-term outlook for XRP looks promising.
XRP’s imminent breakout
In this regard, analysis shared by ChartNerd in an October 25 X post indicated that XRP has been consolidating within a vertical accumulation range since January 2025, with technical signals pointing to a potentially major breakout.
According to the market structure, XRP has been trading between accumulation support and resistance zones, forming a prolonged sideways pattern that often precedes sharp directional moves.
The analyst noted that clearing resistance around the $2.60 range could trigger a breakout targeting the 1.618 Fibonacci extension, projecting potential upside toward $5 to $6.
The weekly 55-day exponential moving average (EMA) continues to serve as a crucial support level, helping maintain XRP’s bullish structure.
Beyond market sentiment, XRP’s trajectory will likely depend on broader fundamental factors, such as anticipation surrounding the possible approval of a spot XRP exchange-traded fund (ETF).
The approval was initially expected in late October but has reportedly been delayed due to the ongoing U.S. government shutdown. At the same time, Ripple’s plan to raise $1 billion to establish an XRP treasury is viewed as another key bullish signal to watch.
XRP price analysis
At press time, XRP was trading at $2.54, up over 3% in the past 24 hours, showing minimal impact from whale activity. Over the past week, the asset has rallied by nearly 8%.
As things stand, XRP needs to reclaim the $2.60 resistance and turn it into support for any chance of targeting $3 in the coming days.
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