XRP Whale Selloff Intensifies, Where’s XRP Price Heading Next?

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Is XRP About to Go on a Wild Ride? Buckle Up! 🚀

XRP, that cheeky little cryptocurrency, is currently playing a game of hide and seek with its price. It’s like a toddler who just discovered the concept of “no” — it’s been under some serious selling pressure lately, especially after a rather dramatic rejection at $2.30. And guess what? The whales are dumping their XRP like it’s last season’s fashion! 🐋💸

On-chain data suggests that even the long-term holders, those brave souls who thought they could ride this rollercoaster forever, are starting to liquidate their holdings. It’s a classic case of “I thought we were in this together!” as XRP enters a strong distribution phase. Will it plummet to the support of $2.0, or will it bounce back like a rubber ball? Only time will tell, but grab your popcorn! 🍿

XRP Whale Selloff and Distribution on the Rise

According to the ever-watchful Blockchain tracking service Whale Alert, over 26.6 million XRP (worth about $58 million, because who doesn’t love a good round number?) was transferred to Coinbase from an unidentified wallet linked to a Ripple whale. Speculation is rife — is this profit booking or just a really expensive game of hot potato? Meanwhile, XRP is hanging in there, trading at $2.16, like a cat on a hot tin roof. 🐱🔥

Blockchain analytics firm Glassnode reports that XRP has managed to stay above the $2 mark, which is quite the feat, considering it’s three times higher than its base price before the sharp rally in November 2024. Early investors are now sitting pretty with gains exceeding 300%. Talk about a return on investment that would make even a seasoned gambler blush! 🎰

As of early June, profit-taking among these holders has intensified, with realized profits reaching a staggering $68.8 million per day. That’s right, folks, they’re cashing in like it’s Black Friday! 🛍️

XRP is trading above $2, more than 3x higher than its base price before the sharp rally in November 2024.

Investors who accumulated earlier are sitting on over 300% gains.

In early June, they began realizing profits at a pace of $68.8M per day (7D-SMA), signaling a wave of…

— glassnode (@glassnode) June 19, 2025

Meanwhile, as the Ripple lawsuit inches closer to its conclusion, the XRP community is buzzing with excitement, hoping for the approval of a spot XRP ETF. According to Polymarket, the chances of this happening by year-end have skyrocketed to over 90%. Investors are practically holding their breath, waiting for the US SEC to drop the big news. 🤞

Analysts Predict an XRP Price Breakout Soon

Enter the renowned crypto analyst Dark Defender, who suggests that XRP is on the brink of a decisive price movement. It’s like watching a suspense thriller where you just know something big is about to happen! 🎬

The cryptocurrency is at a critical juncture, with its price caught in a love triangle between trend lines, a Fibonacci level, and the “Cup Surface” pattern. Exponential Moving Averages (EMAs) are tightening, and the trend line is under pressure, signaling a potential breakout. It’s like a soap opera, but with more numbers and less drama! 📈

#XRP is about to remove the Tension soon. The price is close to the conjunction of the trend lines, the Fibonacci level, and the Cup Surface.

Exponential Moving Averages are tight, and the trend line is squeezed.

Targets: $2.22, $3.61 short term. Supports: $2.0706

Cup is…

— Dark Defender (@DefendDark) June 18, 2025

Dark Defender has set key short-term targets for XRP at $2.22 and $3.61, while support is identified at $2.0706. “The Cup is ‘Hot!’ Get ready for the decision,” he warns, hinting at imminent volatility in XRP’s price action. So, grab your helmets, folks; it’s going to be a bumpy ride! 🎢

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2025-06-20 16:54