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>>Large XRP holders are significantly increasing their sales, offloading around $50 million in tokens daily.

Large XRP holders are significantly increasing their sales, offloading around $50 million in tokens daily.

crypthub

1 day ago

Whale Selling Impacts XRP Price

Significant selling activity by XRP whales has pushed the token's price below $3. Data from CryptoQuant shows millions worth of XRP are leaving whale wallets daily, creating substantial selling pressure. Analysts are concerned that this trend could accelerate the current downtrend, potentially affecting smaller holders. Whale Flow data indicates approximately $50 million worth of XRP is exiting wallets on average.

Potential for Price Recovery & ETF Hopes

Analysts suggest XRP could rise to $4.50 if whale selling subsides and the $3 level holds. Positive fundamental developments continue to support the token, including Ripple’s expanding DeFi footprint and increasing activity on the Flare network. Traders are eagerly anticipating the launch of spot XRP ETFs, with Polymarket indicating a high probability of SEC approval by 2025.

Market Sentiment and Future Outlook

Despite the current bearish outlook and a near 7% price slip over the last week, XRP demonstrates a strong year-to-date gain. Ripple’s growing presence in the Middle East, particularly through a partnership with Bahrain Fintech Bay, could increase demand for liquidity. Continued ETF approval odds and fundamental improvements could drive a broader uptrend toward resistance zones.