XRP in Freefall: Is the $2 Level the Final Line of Defense?

Jakarta, Pintu News – The price of XRP is experiencing downward pressure again along with increased volatility in the overall crypto market. In the past week, most large-cap tokens have struggled to maintain important support levels, and Ripple’s native asset has seen a sharper decline.

Uncertainty regarding investor confidence as well as the movement of “whales” further exacerbates the situation, making the token’s condition fragile.

XRP Price Action Indicates Deeper Retest Before Recovering

As previously warned by a market analyst, the price of XRP has been moving in a descending triangle pattern since late July, characterized by peaks that continue to decline and approach a stable horizontal baseline around $2.72.

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As of October 14, XRP is trading at $2.47 after experiencing a decline of more than 5% in the last 24 hours, confirming continued bearish momentum.

This technical formation generally signals further downside potential, especially when accompanied by declining trading volumes and repeated rejections at the downtrend line. The crash on October 10 further reinforced this bearish bias, pushing XRP through the previous accumulation zone and confirming the warnings from analysts.

Moreover, the Parabolic SAR indicator also supports this negative view, with the indicator dots appearing above the last candle. Therefore, the market focus is now on the $2.00-$2.39 support region, which has historically triggered strong price bounces.

Overall, this pattern is consistent with a cautious long-term outlook for XRP price, indicating a possible test of the $2 level before a recovery.

Whale’s Release of 2.23 Billion Tokens Raises Market Fears

Whale activity has been the main trigger of the latest downward trend, with on-chain data showing that over 2.23 billion XRP has been sold since Friday.

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This massive distribution, as highlighted by analyst Ali Martinez, reflects the deepening bearish sentiment among large holders after XRP failed to maintain support at the $2.72 level.

This massive selling pressure reduced market liquidity, limiting the potential for a short-term recovery as retail investors tend to be cautious.

Additionally, Spot Taker CVD data confirmed the dominance of Sell Taker activity, which reinforced the bearish bias in the spot market. This suggests that market sellers are still aggressive, while buyers have started to reduce exposure.

This imbalance keeps the XRP price vulnerable to further downside risks. However, a potential rebound could emerge if the price retests the demand zone at $2.00.

Historically, this zone has triggered accumulation again after sharp declines. For now, selling pressure still dominates, while XRP prices struggle to find stability amid fading optimism.

In conclusion, XRP price is still weak after whales dumped billions of tokens and technical support levels collapsed. The $2 zone is now a crucial test for rebound opportunities. If this level is successfully defended, buyers might push for a short-term recovery towards $2.72.

But if it fails, the decline could continue deeper before a backlash. Currently, the market’s attention is on XRP’s ability to stabilize around $2 before it can reverse course.

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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. XRP Price Crashes as Whales Dump 2.23B Tokens, Is $2 the Next Stop? Accessed on October 15, 2025.