XRP is currently valued at approximately $2.20 after experiencing nearly a 16% increase over the last week. However, it has seen a slight dip in the past 24 hours, as per data from CoinGecko. Traders are carefully evaluating whether this price range will sustain, especially considering the recent transactions made by large wallet holders.

Whale Transactions Raise Alarm in the Market

Data released by Santiment, which was highlighted by Analyst Ali Martinez, indicates a significant reduction in holdings among wallets containing between 1 million to 10 million XRP. This section of the market has offloaded a hefty 460 million tokens over just four days. Such movements suggest both profit realization from previous gains and a possible transfer of assets into smaller or institutional wallets.

460 million XRP sold or redistributed by whales in 96 hours! pic.twitter.com/QkcXgp6SAC
— Ali (@ali_charts) November 27, 2025

[Translation: Ali charts that 460 million XRP sold or redistributed by whales in just four days.]

Additionally, on-chain data indicates that whale activity is not a new phenomenon. CryptoPotato recently reported that whales had transferred close to 1.5 billion XRP in the previous month, along with another 180 million XRP that were offloaded earlier this week. Such large-scale exchanges might exert pressure on smaller holders.

Despite these large sell-offs, exchange reserves for XRP on platforms like Binance are noted to be decreasing. Present data indicates that Binance’s XRP reserves have plunged to about 2.7 billion, significantly lower compared to early October. This decline could be interpreted as an accumulation trend by long-term and institutional investors.

“Long-term consolidation phases for XRP that are followed by breakouts above significant moving averages have historically resulted in robust price movements,” commented the analyst.

Source: CryptosRUs/X

The report further noted that recent inflows into spot XRP ETFs had surpassed $21 million, correlating with the decline in supply on exchanges, often a precursor to upcoming market volatility.

Technical Analysis Sees Support Above $2.00

ChartNerdTA has observed that XRP is exhibiting a pattern reminiscent of its behavior in 2017. Previously, XRP experienced a three-month stagnation before taking off. The current setup mirrors this behavior, suggesting it could be aiming to return to the three-month 20-EMA.

“If historical trends are to be repeated, then there’s potential for at least a 10x price surge,” noted the analyst.

According to this analysis, the price structure remains valid as long as XRP maintains above $1.20, with $2.00 now serving as the nearest support level. If this level withstands, the next resistance target is estimated to be around $2.60.

Outlook for the Short-Term Indicates Uncertainty

The CRYPTOWZRD analyst remarked on XRP’s recent daily closing patterns, describing them as “indecisive.” XRPBTC is feeling the strain from Bitcoin’s rising dominance, and a push above the $2.2770 resistance could pave the way for further price gains. A potential support region has been identified around $2.7500.

On shorter time frames, traders are eagerly waiting for a definitive breakout pattern.

“We now need to wait for the market to establish the next clear chart structure,” they added.

For now, sideways price movements are anticipated in the immediate term unless Bitcoin shows any directional changes in its weekly and monthly close.