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- Whales have sold roughly 1.18 billion XRP in four weeks
- XRP risks deeper losses if key support fails
- Strong ETF inflows may help counter selling pressure
XRP is under renewed pressure as warnings grow that aggressive selling by large holders could drag the token significantly lower. While the broader crypto market has struggled amid macroeconomic uncertainty, analysts say XRP’s recent weakness is not just a reflection of overall market conditions — it is being driven by heavy whale activity.
Market analyst Ali Martinez has cautioned that continued selling by major investors could push XRP toward the $1 level, raising concerns among traders already navigating a volatile environment.
Whale Distribution Dominates XRP Price Action
According to Martinez, large XRP holders have been steadily reducing their exposure over the past month. Data shows that whale wallets have shed roughly 1.18 billion XRP during that period, a sharp decline that has increased selling pressure on the asset.
This wave of distribution stands out compared to other major cryptocurrencies, many of which have declined largely due to macro headwinds and leveraged liquidations. In XRP’s case, persistent whale selling has played a more direct role, adding supply to the market even as sentiment weakened.
Key Support Levels Come Into Focus
The impact of this selling has already altered XRP’s technical structure. Sustained pressure from large holders pushed the token below the $1.92 support level, a zone that had previously helped stabilize prices. Although XRP has since rebounded and reclaimed that area, analysts warn that the recovery remains fragile.
If buyers fail to defend current levels, Martinez believes XRP could slide toward $1 — a move that would represent a decline of nearly 50% from recent prices. XRP last traded near that level in November before a broader market rally fueled a sharp rebound earlier this year.
ETF Demand Offers a Counterbalance
Despite the bearish signals from whale activity, optimism persists within the XRP community. Supporters point to strong inflows into spot XRP exchange-traded funds, which have already attracted more than $1 billion in cumulative investments.
Ripple’s leadership has highlighted the consistency of these inflows, noting that XRP ETFs have recorded no outflows in recent weeks. Some investors argue that sustained institutional demand could eventually offset whale selling, echoing the role ETFs played in supporting Bitcoin and Ethereum prices earlier in the year.
A Pivotal Moment for XRP
XRP now sits at a critical crossroads. Continued whale selling could pressure prices lower, but steady ETF demand may provide a stabilizing force. How these opposing dynamics unfold will likely determine whether XRP finds support — or faces another sharp leg down.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
