Following the Federal Reserve’s decision to lower interest rates by 25 basis points, Bitcoin 
$64,709‘s selling pressure negatively influenced the price of XRP. Unable to surpass the $2.67 mark, XRP saw its value decrease from $2.63 to $2.59 within the day. An increase of over 650% in trading volume further highlights the strengthening of bearish pressure.
Whale Selling Activity Observed
Blockchain data reveals significant selling by large XRP wallets, marking the highest activity in weeks with approximately 392 million coins traded. This indicates that large investors are reducing their positions, accelerating short-term profit-taking activities. Open positions hovering around $2.9 billion imply ongoing accumulation in the futures market.
On the technical side, the $2.67–$2.69 range has become a strong supply zone, while the $2.58 level stands as a critical support threshold. The 200-day moving average around $2.61 suggests an ongoing battle to maintain this price range. Negative divergence in RSI and MACD indicators serves as a warning of weakened upward momentum.
XRP Price Outlook: Will $2.58 Be Decisive?
In the past 24 hours, XRP has fluctuated within a $0.12 band, dropping to $2.579 at 07:05 Turkish time, leading to a brief low-volume stagnation. This decline indicates a test of the support level, albeit without a clear breakthrough. Should XRP fall below $2.58, the risk of a deeper correction towards $2.53 and $2.50 levels might emerge.
Conversely, a possible rebound, supported by volume, could propel the price back into the $2.70–$3.00 range. Investors need to closely monitor significant wallet movements, changes in open positions in futures, and trading volume. These indicators will be critical in determining whether the XRP market is consolidating or entering a new downtrend.
