The market stability of XRP faces threats from significant holders who choose to sell large amounts of their tokens. Since the last 48 hours massive whale operations pushing 230 million XRP worth approximately $575 million into the market have occurred. Former U.S. President Donald Trump announced the federal government would not buy Ripple even though it ruled out acquiring digital assets from any company for its reserves. Traders maintain close observation to determine if XRP can successfully maintain $2 despite rising pressure to sell.

Whales Reduce Holdings as XRP Faces Selling Pressure

Blockchain data collected by Sentiment shows massive XRP selling activity from investors who control between 10 million and 100 million XRP. The substantial investors currently possess the smallest XRP assets they have held during the past week.

The market experienced a downturn after Trump declared that the U.S. government would not acquire Ripple or any other digital assets for its digital asset stockpile except through forfeiture prosecutions. The regulatory uncertainty about XRP guidelines motivated Bitcoin advocate Samson Mow to explain why whales had reduced their positions. Mow emphasized that creating rules for XRP inclusion would force the public admission of memecoin speculations.

XRP Price Under Pressure as Descending Triangle Forms

XRP price projects bearish behavior through a descending triangle design that currently appears on its daily chart. Weak demand from buyers presents an opportunity for sellers to potentially lower the price according to this pattern.

XRP holds a price of $2.50 during this time frame because it has decreased by 1.5% since yesterday. During this week the token returned to $2.14 which serves as its main support zone. The price growth is stalling due to robust selling pressure stationed at $2.60 levels. Market sell-offs could prevent XRP from maintaining its price level above $2.

Market Reaction to Trump’s Statement and Upcoming Crypto Summit

XRP’s market experienced uncertainty when Trump declined to approve the buyout. The short-term market stability remains a concern for investors who predict long-term success for Ripple but the supporters stay upbeat.

During the U.S. crypto summit today traders anticipate how prices will move. Ripple CEO Brad Garlinghouse will attend the event creating potential impacts on XRP market attitudes through his comments. The market analysts predict this news will only increase prices because traders have previously incorporated the information into their valuations.

Will XRP Rebound or Fall Below $2?

The analysis of technical indicators demonstrates positive and negative signals for XRP behavior. The upward trend of MACD shows sellers are losing momentum in the market. The rising Relative Strength Index (RSI) has exceeded the 50 value which indicates rising buying momentum across the market.

XRP will show a bullish trend if it surpasses the $2.60 price point. A falling price that reaches $2.14 will make a price decline under $2 more probable. Market participants track large investor transactions together with regulatory signals to forecast XRP’s future movement.