2025 February XRP Price Action: Will Bulls Regain Control?
A few weeks ago, the third-largest cryptocurrency failed to reach new heights, and CoinGecko data showed that it was just 1% away from reaching its all-time high of $3.4 in 2018. In the Monday downturn, the asset actually fell to $2.8 after failing to restart its climb.
However, throughout the workweek, it turned around and regained the desired $3 line. On Friday, it also soared to a weekly high of $3.15, but its gains were halted there. It started to lose value over the weekend, but for the last twelve hours or so, it has been falling along with Bitcoin and the other altcoins. On a daily scale from top to bottom, its price fell more than 8% to a 6-day low of $2.82. XRP is still down more than 4.22% for the day despite a recovery to almost $2.86.
XRP Whales Retreat After Driving Post-Election Rally
On the other hand, major market players who amassed billions of dollars worth of XRP in a few months were among the main drivers of the cryptocurrency’s rise since the elections. Because they may influence the market with their significant buys or sell-offs, whales are especially significant to overall market movements. However, in a matter of days, Ali Martinez showed that they had retreated and had actually sold off $70 million worth of XRP.
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