SEC Rumors & Whale Activity Fail to Stop XRP Slide – Will Ripple Rebound at $2?

Early March Rally Fades as Resistance Holds

After more than a month in a downtrend, Ripple’s XRP staged a strong recovery in early March, surging $1 higher from its recent lows. The rally was driven by Donald Trump’s remarks on major cap cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA), which sparked speculation that Ripple would be included in the proposed U.S. national cryptocurrency reserve.

The White House Crypto Summit on Friday night fueled further optimism, causing XRP to soar 50% the previous Sunday, rebounding off the $2 support zone. However, despite the initial excitement, buyers failed to push XRP above the key $3 resistance, leading to a sharp reversal. The price plummeted to $2.20, but strong support at this level allowed a brief recovery back to $2.50.

Crypto Market Sentiment Weakens, XRP Declines Further

Despite a spike in XRP transaction volume on Wednesday, which saw over $5.3 billion worth of XRP moved, Ripple whales accumulated nearly 1 billion XRP . However, selling pressure remained strong, and the $2.20 support level was broken on Thursday, as indicated by the XRP/USD daily chart.

The broader cryptocurrency market also faced pressure, with Bitcoin dropping more than $3,000 following the executive order signing. Although the Trump administration has consistently voiced support for cryptocurrencies, the market reacted with a “sell-the-fact” move, pushing Bitcoin and XRP lower.

Will Ripple Rebound? SEC Ruling and Whale Transactions in Focus

Over the weekend, 150 million XRP tokens (worth approximately $380 million) were transferred between two anonymous wallets, raising speculation about institutional accumulation. Additionally, rumors emerged that the SEC might uphold the $125 million XRP fine while dismissing the appeal—a move that could be positive for Ripple.

If confirmed, this regulatory relief could trigger another bullish run, potentially sending XRP back toward $3 and retesting the January high of $3.40. However, for now, buyers need to reclaim the $2.20-$2.50 zone to regain momentum. The coming days will be crucial in determining whether XRP can recover or if further downside is ahead.