XRP Drops With Market as Bitcoin Weakness Pulls Altcoins Into Oversold Territory

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP Drops With Market as Bitcoin Weakness Pulls Altcoins Into Oversold Territory Technical indicators suggest oversold conditions, but a break above $1.96 is needed to reverse the current downward trend. By Shaurya Malwa , CD Analytics Updated Nov 22, 2025, 7:26 p.m. Published Nov 22, 2025, 7:26 p.m. (CoinDesk Data) What to know : Whale wallets sold nearly 200 million XRP, causing significant supply pressure and a drop in price. XRP's price fell to its lowest in three sessions, with a notable increase in trading volume indicating institutional selling. Technical indicators suggest oversold conditions, but a break above $1.96 is needed to reverse the current downward trend. Technical reversal signals emerge amid extreme oversold conditions following an aggressive institutional distribution wave. News Background • Whale wallets dumped nearly 200 million XRP (~$400M) over 48 hours, triggering acute supply pressure • Market-wide risk-off intensified as Bitcoin slipped below $90,000, pulling altcoins into deeper volatility • Bitwise’s new XRP ETF posted $25.7M first-day volume and $107.6M AUM, signaling strong institutional demand • Sentiment across majors remains fragile, with total crypto market cap still drifting under heavy outflows STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Price Action Summary • XRP fell from $1.96 → $1.91, marking its lowest close in three sessions • Volume spiked 67% above average to 182.1M, confirming institutional selling • A descending channel dominated the session with 5.1% intraday volatility • Capitulation bottom formed at $1.895, followed by a 0.5% late-session reversal • Final-hour volume surged to 2.76M, breaking the pattern of declining activity Technical Analysis XRP’s session reflected a classic distribution-driven decline followed by early-stage reversal signals. Whale selling created sustained downward pressure as major holders offloaded nearly 200M tokens, overwhelming the $1.96 resistance band and pushing XRP into a descending channel that persisted through most of the session. Support at $1.90–$1.91 emerged as the key battleground. The psychological level attracted aggressive buying after a capitulation event at $1.895, where institutional inflows reversed the intraday trend. Momentum indicators—including RSI and short-term stochastic—flashed deep oversold conditions, creating the first bullish divergence since last week’s major breakdown. The strong 2.76M-volume spike during the bounce suggests early accumulation behavior, contradicting the prior multi-hour decline in participation. Still, the macro structure remains fragile. Bulls must force a clean break above $1.96 to invalidate the descending channel and attempt a trend reversal. Failure to defend $1.90 would expose the chart to a fast extension toward $1.82, then $1.73. What Traders Should Watch • $1.90 remains the line in the sand. A close below opens the path toward October’s deep liquidity pockets • Reclaiming $1.96 is essential to neutralize the descending channel and restore short-term bullish momentum • ETF flows—especially Bitwise’s AUM trajectory—may provide upside catalysts if volume accelerates • Divergences and oversold signals favor near-term bounce attempts, but whale distribution remains the dominant risk • Market-wide fear levels remain elevated; XRP will continue to overreact to Bitcoin volatility Trading More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Coinbase to Add 24/7 Trading for SHIB, Bitcoin Cash, Dogecoin, and Others By Shaurya Malwa 40 minutes ago The exchange plans to introduce U.S. perpetual-style futures for altcoins, settling on a five-year expiry. What to know : Coinbase Markets will offer 24/7 futures trading for major altcoins starting December 5. The exchange plans to introduce U.S. perpetual-style futures for altcoins, settling on a five-year expiry. Coinbase aims to attract institutional investors by providing a compliant alternative to offshore trading venues. 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