Ripple’s XRP token has seen a significant decline in price following the sale of large amounts from major holders over recent days. The move, which saw nearly 190 million XRP sold by whales in just 48 hours, is contributing to the token’s drop below $2 on many exchanges. While activity remains high at around $5.9 billion in trading volume, this selloff raises questions about how long it will last. 190 million $XRP sold by whales in the last 48 hours! pic.twitter.com/nB0P7jADCx — Ali (@ali_charts) November 20, 2025 The pattern is not unique; a wave of large-scale XRP sales from institutional investors has been observed over the past month, adding to the downward pressure on the price. Despite this ongoing market decline, long-term support remains intact at the $2.10 and $2.00 levels, offering a potential buffer for further price fluctuations. The recent sell-off has triggered questions about the token’s future direction, as analysts debate whether XRP will rally to regain lost ground or remain vulnerable to more selling pressure. The analysis indicates that if buyers step in, XRP could potentially reach target prices around $2.87, $3.07, and $3.28, with extended levels set at $4.00, $4.60, and $5.30. However, a break above the current descending channel requires significant market strength to sustain sustained upward momentum. The recent on-chain analysis has revealed that approximately half of XRP’s circulating supply is currently held at a loss, indicating the pressure on wallets who bought near its peak price. This also marks XRP’s entry into oversold conditions, attracting short-term traders. However, the broader market environment remains cautious and uncertain regarding future price movements.