- On November 29, XRP continued its recent drop, falling to $2.18 after an intraday drop of 0.89%,as the cryptocurrency market as a whole entered another corrective phase.
- XRP whales sell off $4 billion in November, hitting a 30-day high since March 2023.
- XRP is trading below its 50-day and 200-day EMAs, and its most critical support levels are at $2.0 and $1.8239, indicating the possibility of further decline.
XRP Falls to Less Than $2.20 as Sell-Off Waves Across Markets.
The last days of November saw XRP dropping below a marked price of $2.20 due to the increased pressure in the crypto sphere. Although the introduction of XRP-spot ETFs was strong with an increase in institutional demand, the token is unable to sustain the momentum in the face of whale outflows, regulatory uncertainty, and a decline in on-chain demand. As traders withdraw out of high volatility, the next action XRP takes would likely dictate the next few weeks or so, and thus makes this one of its most pivotal moments of 2025.
With the decline of sentiment across the board, traders were forced to withdraw from high-volatility assets, and XRP was among the largest victims. This drop is further intensified as XRP dropped below a major support level, and a series of stop-loss orders executed.
This disintegration welcomed the further sell side pressure as technical traders moved into the defensive positioning. On-chain data has further contributed to the fall as it has reveals that whales are moving huge sums of XRP to exchanges, a pattern that indicates that they are about to sell.
XRPUSD – Daily Chart
Whale Outflows, ETF Weakness, and Regulatory Uncertainty Pressure.
According to market analysts, the current XRP crash is not driven by price action only. Regulatory uncertainty remains a significant factor with questions being raised on ETF approvals, the direction in U.S. policy and the upcoming application of Ripple to allow it to have a banking license in the US that is chartered.
Since its inception, the XRP spot ETFs have had net inflows of $643.92 million, which is a good number but still nowhere near the expectations at the beginning. Institutional investors have become more subdued because they are evaluating long term demand.
Whale activity has not been beneficial. In November alone, the big holders are said to have sold more than $4 billion worth of XRP, marking the largest 30-day sell off since March 2023, which shifted the supply-demand trend strongly towards the bears. As the token currently trades below the 50-day EMA and the 200-day EMA, the technical indicators are still sending warnings of further declines.
