Bitcoin after the US Federal Reserve (Fed) reduced interest rates by 25 basis points 
$110,521.68Selling pressure in XRPIt also negatively affected the price of . The altcoin, which could not exceed the level of $ 2.67, fell from $ 2.63 to $ 2.59 during the day. The increase in transaction volume of over 650 percent shows that the sales pressure is getting stronger.
Whales Started Selling
Intra-blockchain data is big XRP walletsIt reveals that ‘s sales are in high quantities. The sales, with a volume of approximately 392 million coins, stood out as the busiest activity of recent weeks. The reduction of positions by large investors indicates that profit taking has accelerated in the short term. The fact that open positions are around 2.9 billion dollars indicates that excessive accumulation continues 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 out as the critical support threshold. The fact that the 200-day moving average is around $2.61 shows that the price is struggling to hold on to this band. RSI And MACD The negative discrepancy seen in the indicators is a warning that the upward momentum is weakening.
Price Outlook on XRP: $2.58 Threshold Will Be Decisive
XRP, which moved within the $ 0.12 band in the last 24 hours, experienced a short-term low-volume stagnation, falling to $ 2,579 at 07.05 GMT. This decline in price shows that the support level has been tested but the breakout has not yet become clear. altcoinA fall below $2.58 may raise the risk of a deeper correction towards the $2.53 and $2.50 levels.
In an opposite scenario, a possible reaction purchase with volume support may move the price back to the $ 2.70-3.00 range. Investors need to closely monitor large wallet movements, changes in open positions and volume in futures transactions. All these indicators XRP marketIt will be decisive in understanding whether it is consolidating or entering a new downward trend.
