Whale waka move 92.6M XRP go Coinbase, e spark 8% price drop
On November 14–15, one crypto whale move about 92.6 million XRP (around $214–223 million) from one unknown wallet go Coinbase, na e mark say the biggest single XRP exchange deposit for the year. The move start panic selling, make XRP price drop over 8% to below $2.30, and make 24-hour trading volume jump 33% to 7.63 billion XRP. Technically, XRP break e 50% Fibonacci retracement level for $2.38 and e 7-day SMA for $2.37, like how RSI stay 48.7 (neutral) and MACD show negative momentum. Critical support dey now for 78.6% retracement level of $2.21. Traders suppose dey monitor subsequent whale-driven on-chain transfers and order-book changes to see if na slow or big selling go happen, because this increased volatility fit bring both risk and chance for short-term XRP trading.
Bearish
Dis big deposit of about 92.6 million XRP go Coinbase, plus immediate 8% price drop and volume increase, dey show say strong short-term sell pressure dey for XRP. Di breach of key technical levels (50% Fibonacci, 7-day SMA) plus negative momentum indicators (MACD) dey reinforce bearish mindset for di near term. Even though long-term fundamentals depend on regulatory clarity and adoption, traders suppose prepare for ongoing volatility as di whale future selling pace — whether gradual or bulk — go affect next price movements.