- A Ripple whale moved 200M XRP ($355M) to Binance, triggering fears of a sell-off as XRP dropped to $1.61 and broke key support levels.
- Analysts are split, with some calling for a drop to $1.30, while others eye a rebound if XRP holds the $1.55–$1.61 demand zone.
- Long-term outlook draws on past market cycles, with bulls pointing to historic XRP rebounds after steep dips — but macro pressure still looms large.
So… someone just moved 200 million XRP. Yep, million. That’s about $355 million worth, yanked from a mystery wallet straight into Binance — and it didn’t exactly go unnoticed. The market flinched hard, and XRP dropped to $1.61almost instantly. Traders? Spooked. Investors? Watching every candle like hawks.
Big Move, Bigger Questions
According to Whale Alert, the wallet behind the transfer is still anonymous (of course), but the sheer size of it has people rattled. Huge transactions like this usually come before something — a big sell-off, strategic shuffle, or sometimes, just plain market chaos.
And right now, with XRP already wobbling from broader volatility, this didn’t help. At all.
Some are clinging to the NYSE Arca news — the approval of the Teucrium 2X Long Daily XRP ETF — as a sign of hope. But yeah, hope feels like a stretch at this moment.
Analysts Are Split (Like Always)
Crypto Twitter lit up the moment the move hit. Dark Defender says nothing’s changed, and the $1.8815 monthly support is still intact. But others? Less chill.
Ali Charts sees a possible head-and-shoulders breakdown, which could drop XRP to $1.30 before any kind of bounce happens. Not what bulls wanted to hear.
$1.90 Is Toast — What’s Next?
According to Casi Trades, XRP lost the $1.90 support, which has now flipped to resistance. RSI readings hit new lows, hinting that sellers have the upper hand (for now). They pointed out $1.55 as the next big support, lining up with the 0.618 Fibonacci retracement — a zone where a lot of traders have price alerts set.
Casi thinks if XRP holds around $1.55, it could build a stronger bullish case. Yeah, they’re still aiming for wild targets like $8 to $13… assuming April doesn’t go full doomsday.
Reversal Incoming? Or Just More Chop?
CredibleCrypto says XRP slipped below a month-long range and is now hovering in a demand zone between $1.61–$1.79. According to them, if we hold here and consolidate, we might just form a base for a proper reversal. But it’s a “wait and see” moment.
Technical heads are watching Elliott Wave patterns too. Some believe we’re wrapping up Wave 2, and that Wave 3 — the one that typically sends prices soaring — could be just around the corner.
Breakout levels to watch? $1.97 and $2.17. If XRP can flip those, next stops might be $2.72… maybe even the previous ATH at $3.70. But again — if.
Bigger Picture: Echoes of 2017 and 2021?
Long-term thinker Egrag Crypto dropped some context bombs. He looked back at previous cycles — in 2017, XRP tanked 73%, then shot up 2700%. In 2021, it dropped 78%, then rallied 1000%.
So yeah… ugly dips don’t always mean the game’s over.
Egrag says unless the 50 MA crosses below the 200 MA, the bullish case is still alive. Barely breathing maybe, but not dead.
His advice? Pretty raw:
“Buy the blood — even if it’s your own.”
Bottom line? XRP’s in a fragile spot. Whale activity’s stirring the pot, technicals are giving mixed signals, and macro vibes are still cold. Whether this is the setup for a reversal or just the beginning of deeper pain… well, we’re all about to find out.
