Ripple (XRP) price prediction: Whale to dump 560 million Tokens in two weeks, potential fall to $1.85 risk.

Today (2), Ripple (XRP) slightly rebounded to 2.18 USD, but failed to recover the overnight losses. Despite holding the support level of 2 USD, the price of XRP has not seen any significant changes in recent months. This poor performance has led whales to dump their held tokens, with 560 million XRP leaving these large investors' wallets in the past two weeks, increasing the likelihood of XRP falling to 1.85 USD.

XRP Whale sold 560 million Tokens in two weeks

XRP Whales seem to be dumping Ripple, which could be the catalyst for the price fall. According to data from Santiment, the balance of large addresses holding 100 million to 1 billion XRP has decreased from 8.36 billion two weeks ago to the current 7.8 billion.

(Source: Santiment)

The above data shows that over the past two weeks, these large addresses have sold more than 560 million XRP, which may explain the recent poor performance of the XRP price. The delay in the judgment of the SEC lawsuit against Ripple may be one of the reasons why whales are dumping Ripple.

At the same time, many previously dormant Tokens seem to be coming to life, as their "time consumed" indicator has surged to its highest level in three weeks. Since these Tokens are flooding the market amid clearly low demand, the price of XRP may fall.

In summary, if XRP loses the key support level of $2.71, its price seems likely to face a significant fall. If this happens, the price of XRP could drop to $1.85, and recent whale dumping activity is more likely to lead to such a decline in the price of XRP.

A bearish wedge pattern has emerged, XRP is facing the risk of falling below $2

According to CoinGape, the price of XRP may face a fall below $2, as it has been trading within a rising wedge for more than a week, indicating that there are currently more sellers than buyers in the market. As the price continues to maintain this trend, a support level has formed at $2.17, and if the price of XRP falls below this level, it could lead to a crash.

This pattern also appears on the four-hour chart, forming a sell signal simultaneously. The MACD indicator issued this signal after the MACD line crossed below the signal line. If history repeats itself, this crossover may lead to a price fall below the support level, confirming a bearish outlook.

If XRP falls below $2.16, it could trigger a 15% plunge, dropping to $1.85. Reaching this level would not only free XRP from months of consolidation but could also trigger panic selling among holders, as they anticipate a price rebound. Additionally, the price of Ripple has remained above $2 for months, which may imply that most traders have opened sell orders at this level; if the price falls below this level, it could trigger a crash.

(Source: Trading View)