Dec 9, 2025
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XRP Whales Sell 510 Million Tokens Amid Bearish Sentiment
XRP Whale Activity and Market Impact
- XRP whales, defined as holders of 1 to 10 million tokens, have sold 510 million tokens recently, valued at over $2 billion.
- This selling trend has been ongoing since mid-November, indicating negative sentiment among large holders.
- The selloff coincided with bearish price action for XRP, suggesting whale influence on the market.
- Continued distribution by whales could lead to further price declines.
Technical Analysis Insights
- XRP is moving within a Symmetrical Triangle pattern on the 1-hour chart since November.
- This pattern suggests potential for a 16% price movement upon breakout.
- The direction of the breakout remains uncertain, affecting future price trajectory.
Current Price Status
- XRP has rebounded to $2.09 following a retest of the $2.00 level.
