What’s next for Ripple’s price as whales start an XRP sell-off?

XRP is hovering at $2.41 while MACD and SRSI are showing bullish signs. Whale outflows are increasing, but traders see a $5 increase if support holds.

XRP is trading around $2.41, up slightly in the past 24 hours. Although the price remains within a certain range, recent signals from various market observers indicate a possible change in direction. However, at the moment the chance of a correction seems greater.

Technical setup suggests room for upside

XRP continues to move within a rising channel that has been holding since late 2024. According to ChartNerd, the asset is currently testing support at the bottom of that channel, near $2.40. On the weekly chart, the MACD histogram shows a series of higher lows even though price trends are sideways – which is often read as a sign of building momentum.

$XRP shows signs of a bullish reversal on the horizon. Channel support awaits below, with HLs at the weekly MACD and SRSI levels in the oversold region. $5 is the first move of many on the next impulse. I believe XRP will lead the bluechip category – #NFA pic.twitter.com/uCtPmOb2wz

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 23, 2025

The Stochastic RSI has fallen into oversold territory and is at a level of 6.24. Previous setups like this preceded upward moves, although confirmation is still needed. ChartNerd said the first upside target in this scenario is around $5, in line with the channel’s top range.

Short-term pressures still play a role

While the longer-term signals appear constructive, the short-term charts show continued weakness. Analyst Ali Martinez shared a bearish view, noting that XRP has broken below a key support at $2.60. The current setup shows lower highs and lower lows, supporting a possible retest of $2.00.

“$XRP continues to fall. The next major target is at $2,” Ali said.

Unless the price regains the $2.60 level, the short-term structure is leaning towards bearish. This range also corresponds to levels at which purchasing interest returned earlier this year.

Moreover, traders keep an eye on two main zones. CryptoWZRD be to $2.30 as a support level that could attract buyers if it is retested. A move above $2.55 would mark the next resistance and could trigger a stronger recovery.

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XRP closed the previous daily candle with a slight loss, while XRPBTC also moved lower. WZRD commented:

“XRP will follow the general price action of XRPBTC and Bitcoin tomorrow.”

A move towards $2.75 remains in play if the broader market turns around.

Large holders trim positions

According to STEPH IS CRYPTO has wallets holding over 1 billion XRP discharged approximately 1.09 billion tokens since October 16. This $2.63 billion shift marks one of the larger whale movements in recent weeks. Mid-size portfolios also saw declines, albeit at a slower pace.

Even with these moves, the price remained stable between $2.33 and $2.44. Analysts described this range as an accumulation zone rather than a breakdown. It appears that institutions rotate within a range ahead of potential catalysts.

Ripple-backed company Evernorth announced plans to list on the Nasdaq via a merger, as previously reported. The company will focus on building services around XRP, which will increase market interest in the asset’s long-term prospects.