XRP extended its decline on Tuesday, falling 6% to $2.25 as whale selling and a clean trendline break accelerated downward momentum. The move – paired with a 15% drop in open interest – keeps the pressure on bulls ahead of a looming dead cross setup and a key $2.20 support retest.
What to know
• XRP fell from $2.39 to $2.25 (-6%), confirming a break below the multi-month rising trend line
• Whale wallets unloaded ~900,000 XRP over five days
• Open interest fell ~15% as leveraged longs were liquidated
• The volume increased to ~193.7 million. during the breakdown period
• Lower-high structure now established at $2.39 → $2.37 → $2.33
News background
The sell-off tracks sustained whale distribution since late October, with large holders shedding positions after repeated failures above the 200-day moving average. Macro risk also resurfaced across risk assets as open interest compressed across majors, suggesting deleveraging — not panicked retail flows — drove Tuesday’s move. Analysts point to a looming dead-cross setup as momentum indicators shift decisively lower, while some positioning desks marked bids near $2.20 as the next pocket of liquidity for potential stabilization.
Summary of price action
• Inability to retrace 2.37-$2.39 supply zone
• Progressively lower high signal distribution
• Trendline break triggered accelerated algo selling
• Volume increased ~87% over 24-hour average during collapse
• Session low printed at $2.24 before modest bid recovery to $2.25
Technical Analysis
• Trend: Distribution from rising structure, momentum bearish
• MAs: 50-day MA curls down towards 200-day → death risk
• Support: $2.25 short-term base; $2.20–$2.00 psychological layer; deeper pocket at $1.85
• Resistance: $2.37-$2.39 zone remains dominant supply wall
• Volume: Expansion confirms distribution; Fatigue in the late session suggests a short-term break
What Traders See
• About $2.20 absorbs selling pressure or cracks to $2.00
• Confirmation (or fade) of death-cross setup
• Open rate stabilization after 15% flush
• Whale wallet behavior after ~900,000 tokens dumped
• Reclaim on $2.37-$2.39 range as bull invalidation limit
