Over the last 48 hours, large XRP holders moved or sold 150 million tokens. This shift in holdings has caught attention as the asset trades at $2.21, up nearly 10% in the past day.

Meanwhile, the 24-hour volume stands above $4.6 billion. With prices rising despite heavy selling, the market is now keenly watching what may occur next.

Whale Selling Increases Pressure

Recent data from analyst Ali Martinez confirms that wallets holding between 1 million and 10 million XRP have again lowered their balances. This latest transfer of 150 million tokens continues a trend seen since September. The same cohort has been selling in waves over the past few months.

Whales sold or redistributed another 150 million $XRP in the past 48 hours. pic.twitter.com/Uk7fIKnMLJ — Ali (@ali_charts) December 2, 2025.

In October and November, nearly 1.5 billion XRP were disposed of by large market participants. That included a four-day period where 460 million XRP were sold. This pace indicates that selling is not new but part of a broader pattern. Despite the pressure, the cross-border token has managed to stay above key support areas for now.

Key Zones for Buyers and Sellers

XRP has maintained above a strong support range between $1.85 and $1.95. This area has been tested on several occasions. Every time, buyers have stepped in and pushed the price back up. Charts also show XRP breaking above a downward trendline that had held since mid-year.

One analyst, ChartNerd, said:

“$XRP: Hold the multi-month support line, and we may see a double bottom form before a break to the upside.”

A double bottom at this level could suggest a market reversal attempt. If the price fails to remain above support, it may revisit earlier lows before trying to climb again. Furthermore, analyst CW shared that the next major sell zone is near $2.25.

“The next selling wall for $XRP exists around $2.25, and if it breaks through, there is no resistance until $2.6,” they stated.

CRYPTOWZRD noted that XRP has shown bullish indicators on both daily and intraday charts. They identify $2.27 as the next target for upward movement. If the price breaks and holds above this level, a swift move to $2.75 could follow. A dip to $2.08 with a strong bounce may also present a new long setup.

XRP Ledger Activity on the Rise

While price fluctuations dominate the headlines, activity on the XRP Ledger is also growing. More than 40,000 account-related operations have been recorded recently. An increasing number of developers are joining the network, and automated market maker testing is gaining traction.

Recent data indicates that spot volume has seen a minor decrease, as CryptoPotato recently reported. Historically, reduced volume after significant selling has often preceded strong market movements.