Core Insights - XRP price has dropped 9% in the last 24 hours, trading at $1.90, amid a broader crypto market crash and Bitcoin falling below $83,000 [1][4][7] - Despite the buzz surrounding the XRP ETF launch, significant selloffs by whales have occurred, with 190 million XRP coins sold during the market downturn [5][6] Market Performance - XRP's daily realized losses have surged to $75 million, marking the highest level since April 2025, as the price fell below $2 [2] - The trading volume for XRP has increased by 44% over the last 24 hours, indicating heightened market activity [7] Investor Sentiment - Long-term holders are showing bearish sentiment, with the NUPL data indicating a shift from "denial" to "anxiety" among investors [3] - Analysts have identified key support levels for XRP at $1.91 and $1.73, with a potential major price crash looming if it fails to rebound from the Fibonacci golden zone [4][8][9] Whale Activity - Whales holding between 1-10 million XRP have contributed to the selloff, with one whale reportedly facing a $50 million loss in a week [5] - The Bitwise spot XRP ETF recorded $105.36 million in inflows on its debut, with a trading volume of nearly $22 million [6] Futures Market - XRP futures open interest has decreased by more than 15% to $3.14 billion in the last 24 hours, reflecting ongoing selling pressure in the derivatives market [10]