Key Insights
- •Whales unloaded over $480 million worth of XRP, contributing to price pressure as it dropped from $2.30 to $1.95.
- •XRP is currently retesting a crucial weekly support zone that has historically held firm throughout 2025.
- •An ascending triangle pattern remains intact, but a breakdown below its trendline could lead to a rapid downward shift in momentum.
In the past two days, wallets holding between 10 million and 100 million XRP have collectively sold off more than $480 million worth of the token. This significant data indicates a sudden and notable shift in the trading behavior of some of XRP's largest holders.
The decline in whale balances began around November 20, following a period of steady accumulation earlier in the month. Concurrently, XRP's price experienced a fall from above $2.30 to near $1.95. This overlap in timing suggests that the whale sell-off may have been a contributing factor to the recent price pressure observed in the market. While the precise reasons for this action remain unclear, some market observers have speculated that large holders might be taking profits or reacting to perceived short-term risks.
XRP Whale Alert: Over $480M in XRP sold by whales (10M-100M coins) in the last 48 hours. Price has dropped from $2.30 to $1.95. This significant sell-off could indicate profit-taking or a reaction to market sentiment. #XRP#Crypto#WhaleAlertpic.twitter.com/5Z8i2y5f8q
— Steph | Crypto Insights (@Steph_iscrypto) November 20, 2025
Key Support Zone Back in Play
XRP's price action is currently testing a significant weekly support range, situated between approximately $1.80 and $2.10. This particular level has historically acted as a price floor for XRP on multiple occasions throughout the year. The most recent candlestick formation on the chart shows a minor bounce after the price touched this critical zone.
Technical analysis charts shared by traders highlight this area as a crucial line of defense for bullish sentiment. If the price can hold above this support level and attract renewed buying interest, a recovery rally could potentially continue. However, a failure to maintain support at this zone would open the possibility for a more significant price correction. Conversely, a sustained move and close above the $2.20 level would serve as a stronger confirmation of underlying strength and shift market focus back towards higher price targets.
Pattern Structure Still Intact
Despite the recent downward price movement, XRP continues to form a multi-year ascending triangle pattern on its charts. This technical formation is characterized by a horizontal resistance line and an upward-sloping support line, a configuration often preceding a significant price breakout. The ongoing trend of higher lows being posted by XRP has, for now, kept this bullish structure in place.
Historically, breakouts from ascending triangle patterns have frequently resulted in rapid and substantial upward price movements. Nevertheless, a decisive break below the rising trendline of this pattern would fundamentally alter the technical outlook, weakening the argument for continued gains and potentially signaling a bearish shift.
XRP is still holding the ascending triangle pattern despite the recent pullback. A bounce from the support trendline could lead to a breakout to new highs. However, a break below would invalidate the pattern. #XRPCommunity#TApic.twitter.com/mN7q9K1q4p
— ChartNerdTA (@ChartNerdTA) November 20, 2025
Price Movement Remains Mixed
XRP was trading at $2.03, showing a 24-hour gain of 5.8% at the time of reporting. However, it remained down over 10% for the week. The recent selling pressure from large holders may continue to impact market sentiment negatively unless it is counteracted by fresh demand from new buyers. A notable bounce above the $2.30 resistance level could potentially attract momentum traders and spark further upward movement. For the time being, market participants are closely observing whether XRP can maintain its position above the $1.80 support level as underlying pressure persists.