Overview
- On-chain trackers and trader Ali report whales have offloaded about 2.23 billion XRP since Friday, aligning with Santiment and CryptoQuant data showing falling whale balances and heightened exchange flows.
- XRP traded near $2.52 on Oct. 15 after a 12% weekly drop, following a 6% 24-hour slide to roughly $2.46 reported a day earlier.
- Technical analysis shows a confirmed breakdown from a descending triangle, with the 20-day moving average crossing below the 50-day and a measured move pointing toward about $1.90.
- Key levels now in focus include support around $2.32, with momentum gauges staying bearish as RSI holds below 50 and MACD remains negative.
- Market tone has turned risk-off on U.S.–China tariff headlines, uncertainty around Federal Reserve signals, and delays in U.S. spot XRP ETF approvals, with more than $10 billion in market value erased in under a week.