XRP extended its decline Tuesday, dropping 6% to $2.25 as whale selling and a clean trendline break accelerated downside momentum. The move—paired with a 15% open-interest drop—keeps pressure on bulls ahead of a looming death-cross setup and a key $2.20 support retest. What to Know • XRP fell from $2.39 to $2.25 (-6%), confirming a break below the multi-month ascending trendline• Whale wallets offloaded ~900,000 XRP over five days• Open interest dropped ~15% as leveraged longs unwound• Volume spiked to ~193.7M during breakdown period• Lower-high structure now established at $2.39 → $2.37 → $2.33 News Background The selloff tracks persistent whale distribution since late October, with large holders shedding positions following repeated failures above the 200-day moving average. Macro risk also resurfaced across risk assets as open interest compressed across majors, suggesting deleveraging—not panic retail flow—drove Tuesday’s move. Analysts point to a looming death-cross setup as momentum indicators shift decisively lower, while some positioning desks flagged bids near $2.20 as the next liquidity pocket for potential stabilization. Price Action Summary • Inability to reclaim $2.37–$2.39 supply zone• Progressive lower highs signaling distribution• Trendline breach triggered accelerated algo selling• Volume surged ~87% vs 24-hr average during breakdown• Session low printed at $2.24 before modest bid recovery to $2.25 Technical Analysis • Trend: Breakdown from rising structure, momentum bearish• MAs: 50-day MA curling down toward 200-day → death-cross risk• Support: $2.25 short-term base; $2.20–$2.00 psychological layer; deeper pocket toward $1.85• Resistance: $2.37–$2.39 zone remains dominant supply wall• Volume: Expansion confirms distribution; late-session exhaustion hints near-term pause What Traders Are Watching • Whether $2.20 absorbs sell pressure or cracks to $2.00• Confirmation (or fade) of death-cross setup• Open-interest stabilization after 15% flush• Whale wallet behavior after ~900K tokens dumped• Reclaim of $2.37–$2.39 range as bull invalidation threshold