Ripple Whale Moves $273 Million XRP, Analyst Predicts Price to Plummet to $1.90!
Jakarta, Pintu News – The cryptocurrency world is once again on edge following suspicious activity from a major Ripple whale. A staggering $273 million transaction has sent shockwaves through the market, fueling concerns over a potential large-scale sell-off.
Analysts warn that XRP prices could potentially fall to as low as $1.90 or IDR 31,978, signaling a potential major correction amid an already vulnerable market.
Mysterious Transaction: 131 Million XRP Moved in an Instant
According to data from Whale Alert, 131 million XRP was moved in one transaction from an unknown wallet to another.
Read also: ProShares Ready to Launch XRP ETF, Check out the Important Schedule!
To date, the identity of the wallet owner has not been revealed, sparking speculation that this could signal the beginning of a major sell-off on crypto exchanges.
Some analysts warn that whale movements like this often trigger fear in the market, provoking panic selling even though the tokens have not actually been released to the open market.
There is also the possibility that these transactions are over-the-counter (OTC) activities that will not directly impact market prices, but uncertainty looms.
Heavy Pressure at $2.06 Level, Will XRP Fall?
The price of XRP is currently hovering around $2.06 (IDR 34,674) after failing to break the strong resistance at $2.17 (IDR 36,502).
Every time the price approaches this level, selling pressure increases and forces the price down. On April 16, 2025, XRP had lost 4% of its value, despite enjoying a 15% surge during the previous week.
Leading crypto analyst CasiTrades warns that if the rejection pattern at this resistance level continues, XRP is likely to fall to the first support zone of $1.90 (IDR 31,978), and could even drop deeper to $1.55 (IDR 26,086) if selling pressure peaks.
Long-Term Expectations: ETFs and SWIFT Integration
Although the short-term looks bleak, some analysts remain optimistic about XRP’s future. The potential launch of an XRP ETF and rumors about Ripple’s integration with global payment network SWIFT remain long-term positive catalysts.
If the realization happens, the price of XRP could surge well above the psychological level of $3 (IDR50,460).
But for now, the market is in limbo. Large whale movements, selling pressure at important resistance, and regulatory uncertainty make XRP’s journey ahead challenging.
Traders are advised to watch the support levels of IDR 31,978 and IDR 26,086 closely as potential areas for a rebound.
Overall, the whale movement and pressure in the XRP market is a signal that important times are ahead.
Will XRP be able to maintain its support level and bounce back? Or is this the start of a major deeper correction? All eyes are now on the next move of the big players in the cryptocurrency world.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Ripple Whale Moves $273M as Analyst Predicts XRP Price Crash to $1.90. Accessed April 17, 2025.
- TronWeekly. Ripple Whale Moves $273M in XRP. Accessed April 17, 2025.
