Send XRP Whale $ 64 million to Coinbase; Crazy to $ 2?

The massive conversion of 29,532,534 XRP – which was evaluated about 64,429,964 dollars – raised the fear whale in the Ripple community, where most investors correspond to this mammoth conversion to a possible discharge in the XRP price.

Historically, large flows to exchanges such as Coinbase’s significance or preparing for a large sale in the market, and often lead to low prices. A similar transfer of 29.5 million XRP was placed on April 29, 2025, at a value of 68.7 million dollars, and a sign of a decline was placed by some analysts on the series, and this latter transfer adds fuel to speculation.

With the XRP already a decrease from the highest level of the week of $ 2.348, as CoinmarketCap noted, this last whale movement can exacerbate the declining momentum and spread the declining pressure in the market.

At the time of this report, the XRP price is traded near $ 2.18 – only 0.72 % decreased in the past 24 hours. It is worth noting that the 24 -hour trading volume for XRP may also reduce 30 % today, currently sitting $ 1.49 billion.

Is XRP $ 2 disrupted?

The transfer of whales has increased from fears of the potential price of XRP, especially because they are struggling to maintain critical support levels.

All major technical indicators send mixed signals to XRP: While Macd shows the bullish momentum, CRSI approaches the peak area of ​​purchase, indicating that the correction may wave on the horizon.

In addition, the low trading volume associated with the high open interest in XRP indicates that merchants adopt a defensive position, and may prepare to increase the volatility.

Historically, the XRP level was two dollars working as a strong support zone, but prices may witness a decrease to $ 1.80, 1.50 dollars, or even $ 1.20 in the worst scenario.

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