XRP under threat of crashing to $2 as whales move over $250 million
XRP is showing growing signs of weakness from a technical perspective, even as whales moved $251.8 million of the asset. Notably, the cryptocurrency is currently settling around the $2.50 level after experiencing significant short-term capital outflows. Now, an outlook by prominent cryptocurrency analyst Ali Martinez suggests that XRP could find support at $2. In an X post on October 31, Martinez noted that XRP’s daily chart has formed a descending pattern, characterized by lower highs and lower lows, indicating a continuation of the downtrend. XRP price analysis chart. Source: Tradingview His outlook shows XRP slipping below mid-range resistance near $2.60, confirming a breakdown from a bearish continuation setup. If momentum persists, the asset could follow the projected path toward the $2 support, with a potential extension toward $1.90 if that level fails to hold. This concerning technical outlook comes as whales have executed significant transactions over ...