XRP fell to less than $ 2, as whales continue to ripple

TL: Dr;

• The distinctive symbol across the border of Ripple takes the continuous market collapse severely, with a price of more than one dollar within one day.
• Although it has risen to more than $ 2 now, there is a warning sign that it could have been turned off, at least at the present time.

The graph is drawn on a very painful image. XRP is close to its highest level on January 17 and reached its peak at $ 3.39, which was only 1 % of the 2018 record. Although it failed there, it maintained its evaluation mostly over $ 3 for the next two weeks.

It changed all this on Sunday morning when it was delivered from $ 3.07 to $ 2.7 at first before it took another victory over $ 2.5. However, he jumped again 10 % before the Mneect massacre re -paint.

Within hours, the Ripple code decreased from $ 2.7 to less than $ 1.8 (on bitstamp), which has become its lowest level since late November when Gary Ginsler announced his departure from the Supreme Education Council.

XRP managed to recover some losses, at least at the present time, sitting above $ 2.2 as of the time of the press. However, this is still a 24 % daily decrease, which has evaluated its basic price to less than 130 billion dollars.

Consequently, USDT, which cost $ 140 billion, has exceeded XRP as the third largest encryption asset.

The most disturbing thing for XRP is the fact that whales reflected their strategy. As I mentioned yesterday, these major market participants have emptied more than 70 million XRP in 96 hours. However, other data from Ali Martinez shows that she continued to sell distinctive symbols by throwing 130 million people in one day during the weekend.

Whales play an important role in the encryption market because of their ability to buy or sell large parts of assets. They went to a huge purchase spree forward and during the XRP gathering, but they seem to have changed their melody, which may hurry more troubles to the original.

The whales have been discharged more than 130 million $ Xrp In the past 24 hours! pic.twitter.com/s43x7rviba

Ali (ali_charts) February 2, 2025