#CryptoMarketWatch #DecemberMarketOutlook

XRP Whales Selling $780 Million: Will the Price Fall Below $2?

The XRP price has returned to the critical $2 level after repeated failed breakout attempts, reflecting the uncertainty surrounding the market.

Attempts to break above short-term resistance were met with selling pressure, pulling the altcoin back to this psychological bottom.

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Whales have begun shedding significant amounts of their holdings. Over the past seven days, wallets holding between 1 million and 10 million XRP have sold more than 390 million XRP, worth over $783 million at current prices.

This distribution rate clearly demonstrates disappointment among high-value holders who had anticipated a stronger recovery. Such a sell-off, especially when driven by a group with significant liquidity, weighs heavily on investor sentiment.

Despite the whales' distribution, long-term holders are resisting downward pressure. Data shows that the share of the XRP supply in the 1- to 2-year bracket rose from 8.58% to 9.81% last week.

This development indicates growing stability among maturing holders who purchased XRP less than a year ago and are now choosing to hold their tokens during volatility. This stability is helping XRP stabilize at $2, softening the impact of whale sell-offs.

XRP is trading at $2.00, a level that serves as both psychological and technical support for maintaining market structure. Price action has consistently retreated to this level in recent days, confirming its importance.

Faced with selling pressure from whales and accumulation by long-term holders, XRP is likely to remain volatile between $2.00 and $2.20. This price stagnation may persist until a clear directional catalyst emerges. If not, a positive shift in sentiment or market conditions will be required to change this situation.

However, if bearish momentum strengthens and whale selling accelerates, XRP could drop below the $1.94 support. Such a breakout would put the price at risk of a deeper decline to $1.85 and invalidate short-term bullish expectations.