XRP Traders Face Fresh Selling Pressure As Large Holders Move Out

Recent data reveals significant selling pressure on XRP due to large holders moving approximately $50 million per day out of their positions.

Current Price Movements

  • XRP experienced a decline from over $3.00 on October 3 to below $2.50 a week later.
  • The highest recent price has been $2.83, with current trading around $2.40.
  • Over the last seven days, XRP decreased by about 20%, though it remains positive over a 14-day period.

Whale Activity and Market Impact

  • On-chain data shows whale flow turned negative, with significant outflows after a previous accumulation phase.
  • Large transfers had suggested accumulation during 2022 and early 2023, while 2023-2024 saw increased distribution.
  • The most substantial negative reading occurred mid-January 2025 when XRP peaked at $3.4, leading to profit-taking by large holders.
  • Currently, there is a sustained net outflow indicating continued distribution.

Market Reaction and Future Outlook

  • Continued heavy selling could push XRP towards support levels of $2.20 to $2.50, unless buyers absorb the outflows.
  • A weekly close above $3.11 might attract new demand, but requires significant buying to counteract current selling pressures.

Market dynamics remain uncertain, influenced by ongoing whale activity and buyer interest at key price levels.