XRP Could Break Down From Descending Triangle, Testing $2.00 Support Amid Heavy Whale Selling

XRP

XRP/USDT

$2.1158
-0.97%
24h Volume

$2,088,079,638.10

24h H/L

$2.1765 / $2.0819

Change: $0.0946 (4.54%)

Long/Short
75.7%
Long: 75.7%Short: 24.3%
Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data
Ripple
Ripple
Daily

$2.1219

-0.81%

Volume (24h): -

Resistance Levels

Resistance 3$2.4172
Resistance 2$2.2867
Resistance 1$2.1474
Price$2.1219
Support 1$2.0915
Support 2$1.8924
Support 3$1.6118
Pivot (PP):$2.1157
Trend:Uptrend
RSI (14):54.8
(11:13 PM UTC)
3 min read

Contents

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  • XRP faces immediate risk if the $2.00 support breaks, given a descending-triangle setup.

  • On-chain data shows over 2.23 billion XRP sold by large holders since Friday, amplifying bearish pressure.

  • Short-term recovery is possible if volume stabilizes and buyers defend $2.00; $2.72 remains the next resistance.

XRP price drops amid heavy whale selling and volatility; monitor $2.00 support closely for rebound signs — learn how to track on-chain flows today.

XRP struggles amid rising whale activity and market volatility, testing critical support levels at $2.00 for potential rebound or further decline.

Published: 2025-10-14 | Updated: 2025-10-14

What is driving the XRP price decline?

XRP price has been pressured by a combination of technical weakness and concentrated whale selling. A descending-triangle pattern, falling volume and the reported sale of over 2.23 billion XRP by large holders have created a near-term bearish bias while leaving $2.00 as a key support to watch.

How is whale activity affecting XRP and market liquidity?

On-chain trackers indicate substantial distribution from large wallets beginning late last week. The reported outflow of 2.23 billion XRP reduced available liquidity and coincided with a surge in sell-side orders. Trading indicators show a dominant Taker Sell imbalance in Spot Taker CVD, which means sellers have been more aggressive than buyers. Technical charts on TradingView reflect a descending-triangle formation with repeated rejections at the descending trendline and declining volume — conditions that historically increase the probability of a downside break. Coinotag analysis notes that while historical rebounds from near $2.00 are possible, sustained selling at these levels would likely push XRP lower before any clear recovery can form.

image 144

Source: TradingView

Frequently Asked Questions

Can XRP hold the $2.00 support after the 2.23 billion token sell-off?

Maintaining the $2.00 support is critical. If large holders pause selling and spot buy-side volume returns, XRP could stage a short-term recovery toward $2.72. Conversely, continued distribution by whales and weaker volume would likely result in a decisive breakdown and further downside pressure.

Is XRP likely to rebound soon?

In plain language: a rebound is possible but not guaranteed. XRP needs sustained buying interest around $2.00 and improved volume. Watch on-chain inflows and taker imbalance metrics for early confirmation of a recovery.

Key Takeaways

  • Technical risk: A descending-triangle pattern with lower highs signals an elevated chance of a breakdown if support fails.
  • Whale distribution: Over 2.23 billion XRP sold by large holders has increased bearish pressure and reduced near-term liquidity.
  • Actionable monitoring: Track $2.00 support, Spot Taker CVD, and short-term volume; defensive positions or scaled entries are prudent until signs of sustained buying appear.

Conclusion

XRP price faces a clear test at the $2.00 level after concentrated whale selling and a descending-triangle technical structure. Objective on-chain figures and chart patterns support a cautious stance: if $2.00 holds, a retest of $2.72 is feasible; if it breaks, downside risk increases materially. Coinotag recommends monitoring on-chain distribution data, Spot Taker CVD, and trading volume for confirmation before adjusting exposure. Author: COINOTAG — reporting and analysis based on TradingView charts and public blockchain data.

JM

James Mitchell

COINOTAG author

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