In the last 24 hours, the XRP has lost 5.3 %and tested a significant support level of $ 2.08. Despite the large -scale transfers of whales and the ceasefire in the Middle East, investors tend to sell.

According to The Block and Coindesk data, the XRP fell hard on Thursday from $ 2.21 to $ 2.08 in the morning. Towards the end of the day, although a limited recovery is experienced for $ 2.10, price movements indicate that the bear market continues.

“Ripple’s $ 439 million XRP transfer and other large wallets carry to the stock market, a possible distribution process begins?” raised the question.

Ripple’s gigantic transfer was made in an unknown wallet, while other whale wallets directed approximately 58 million dollars of XRP to the central stock market. These movements raised the pressure on the price, while increasing the pressure on the market.

🧠 Technical view and critical levels

Support: 2.08 - $ 2.09 range

Resistance: 2.12, 2.14 and especially strongly $ 2.17

Channel Formation: The price of the XRP has been traded in a downward channel for several weeks. Technical analysts expect this channel to break up or down between July and September.

The hardest sales wave of the day took place between 26 June 12:00 - 16:00 UTC hours. In this process, consecutive trading volumes of 99 million and 114 million XRP were observed. The price tested the lowest $ 2.08. Later in the night, light recovery from $ 2.10 was low volume and short -lived.

📊 End of the day: When the XRP closes at $ 2.10, the volumetric decline in the last 15 minutes shows investor fatigue.

🌍 Geopolitical effect and market response

Although US President Donald Trump allegedly mediated between Iran and Israel, the ceasefire seemed to have positively affected general market sensitivity, but XRP could not benefit from this optimism. The fact that investors converted their attention to major movements and potential sales signals on the chain caused the price to be under pressure.

🔍 EVALUATION:

Although the XRP tries to maintain its short -term support of $ 2.08, technical indicators confirm the negative course. The movements of whales may indicate that large investors have begun to realize profit. A break below this level may accelerate the decrease.

For investors, under -$ 2.08 closes can be a harbinger of new sales waves. In the upward reactions, the levels of $ 2.14 and $ 2.17 should be monitored as strong resistance.