XRP is facing renewed challenges after a series of large sell-offs by significant holders. The price currently lingers around $2.11, having seen a steep decline this week.

Whale Sales Intensify Market Decline

Data from analyst Ali Martinez indicates that wallets containing between 1 million and 10 million XRP have sold off approximately 190 million tokens over the past 48 hours. This move aligns with XRP’s recent plummet to just above $2 on various exchanges.

190 million $XRP sold by whales in the last 48 hours! source

— Ali (@ali_charts) November 20, 2025

The ongoing trend of large token holders exiting raises concerns about XRP’s fragile status in the market. With over $5.9 billion traded in the last 24 hours, market activity remains robust; however, the recent surge in selling could lead to deeper volatility.

Long-term Support Holds Strong

Despite current pressures, key support levels stemming from the 2017 monthly candle closes and 2021 highs have consistently provided stability. Analysts note that this area has effectively shifted from resistant to supportive, holding steady for nearly a year.

An independent analyst, ChartNerd, suggests that the strong price range indicates continued investor interest, albeit with diminishing momentum on shorter timelines.

Future Projections

Current signals show a potential buying interest around the $2.10 to $2.00 mark, but as XRP navigates within a descending channel, its chances for recovery rest on market strength returning. Should buying interest be rekindled, targets upwards of $2.87, $3.07, and $3.28 could be in reach, with a further goal set at $4.00 and above.

As we watch XRP, the crucial question remains: Will it sustain key support in light of the ongoing selling and weak technical indications?