XRP Price Watch: XRP Price Falls to $2.42 Amid Whale Moves, Bearish Signals

Key Takeaways:XRP price down 1.03% to $2.43, extending 30-day slide of 18.3%.Technical breakdown sees XRP breach key $2.47 pivot level.Altcoin weakness persists as Bitcoin dominance nears 59%.XRP fell to $2.43 today, declining 1.03% in 24 hours as a mix of whale activity, technical weakness, and broader altcoin selloffs weighed on sentiment. This drop follows XRP's -0.92% loss over the past week and a steeper 18.3% decline in the past 30 days.Whale Sell-Off: Ripple Co-Founder Moves $120M in XRPRipple co-founder Chris Larsen transferred 50 million XRP—worth approximately $120 million—to Evernorth, a Ripple-backed company preparing for a $1 billion Nasdaq listing. Though the transfer is positioned as strategic, the move sparked market concerns.Large-scale token movements often signal profit-taking or future sell pressure. Traders interpreted this as insider selling, especially given XRP’s recent two-week 20% slide. Evernorth’s accumulation model, resembling Strategy’s Bitcoin strategy, could ultimately reduce circulating supply—but short-term uncertainty prevails.Watch for: Evernorth’s SEC filing and liquidity disclosures this week.Technical Breakdown: Support Levels in FocusXRP failed to hold the $2.47 pivot and 7-day Simple Moving Average (SMA) of $2.40, now testing the 38.2% Fibonacci retracement level at $2.50. Oscillator data shows bearish momentum:MACD Level (12, 26): -0.13579 Momentum (10): 0.04226RSI (14): 40.04, neutral but nearing oversold territoryIf XRP fails to reclaim $2.47, it risks a deeper pullback to $2.31, which aligns with the 50% Fibonacci retracement. That level also saw a surge in trading volume last week, making it a crucial line of defense for bulls.Altcoin Pressure: Bitcoin Dominance Weighs on XRPXRP's weakness mirrors a broader altcoin downturn. The CMC Altcoin Season Index dropped to 25, its lowest in months. Bitcoin dominance now sits at 58.97%—the highest level this year—as investors shift toward perceived safer assets.XRP’s 24-hour volume rose 24%, but lagged Bitcoin’s 27% surge, signaling weaker relative demand. Compared to other top alts, XRP’s -18.3% monthly loss is sharper than Ethereum (-12.8%) and BNB (-15%), reflecting heightened vulnerability in bearish market conditions.Outlook: Critical Levels AheadXRP must reclaim the $2.47 pivot and hold above the $2.40 SMA to stabilize. Failing that, attention turns to $2.31 support. Whale activity and macro risk sentiment, particularly Bitcoin dominance, will continue to drive short-term price action.