XRP News: Token Extends Losses Despite Whale Transfers and Easing Geopolitical Tensions

XRP’s price has come under intense pressure despite a series of major wallet transfers and a brief period of geopolitical calm. The token dropped 3% over the last 24 hours, falling to $2.08 even as whales moved nearly half a billion dollars worth of XRP. The latest slump has shifted focus to the $2.08 support zone closely, and the risks of a deeper breakdown are building.

The decline came despite broader market relief following news of a ceasefire between Iran and Israel, reportedly brokered with the help of U.S. President Donald Trump.

While that helped stabilize global sentiment, XRP remained an outlier in weakness. The token dropped from a session high of $2.15 to $2.08, then bounced slightly to $2.14. This trajectory marked its steepest intraday fall since mid-June.

XRP Price Analysis

Adding to the selling pressure was a large-scale XRP transfer by Ripple itself. The company moved $439 million worth of tokens to an unknown wallet, prompting speculation about possible distribution to exchanges.

Meanwhile, other whale wallets moved another $58 million in XRP to centralized trading platforms, fueling fears of a broader selloff or internal asset reshuffling, Coindesk reported.

XRP Extends Losses

Technically, XRP failed to hold above key levels. Resistance solidified around $2.18 after multiple rejections, while the $2.08–$2.09 support zone has turned into a critical line to watch.

Read more: Why XRP Is Going Down: Price Falls 3% After Court Denies Settlement Deal

Analysts are also tracking a descending channel pattern that has yet to be resolved. The most intense selling occurred between 12:00 and 16:00 UTC, when volume surged above 114 million XRP, and prices fell sharply.

Despite a brief recovery to $2.105, low volume late in the session pointed to buyer fatigue. Without strong bullish action, XRP risks falling through the $2.08 floor, possibly targeting the $2 or even $1.91 levels.

Legal Setback Adds to Bearish Sentiment

Compounding the technical stress was a court ruling that rejected a proposed settlement between Ripple and the U.S. Securities and Exchange Commission. U.S. District Judge Analisa Torres denied a joint motion to finalize a reduced penalty, reigniting uncertainty around the long-running legal battle.

Traders reacted swiftly, with selling accelerating as the news broke. The legal setback overshadowed any optimism around Ripple’s ongoing regulatory progress and introduced fresh risk for XRP holders.

Volatility Drops

XRP’s 30-day realized volatility has dropped to 44%, the lowest since November 2024. While this suggests a calmer market, volatility is known to revert over time. If history is any guide, such low volatility may soon give way to a strong directional move—up or down.

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Despite the listing of XRP futures on the CME and discussions around a potential XRP ETF, price action has remained contained between $2.00 and $2.60 since March. Traders are now waiting for a decisive break, with either a bullish reversal back toward $2.23 or a deeper retreat below $2.00.