TL;DR
- Whale wallets have unloaded around 900,000 XRP in five days, triggering a 13% weekly price drop and fueling panic selling.
- On-chain data shows slowing exchange inflows from large holders, which could ease sell pressure if demand stabilizes.
- Analysts believe Ripple’s growing institutional products may support a recovery once volatility cools.
XRP has faced a turbulent week, with its price sliding as large holders trimmed positions and short-term traders reacted with rapid selloffs. At the moment, XRP trades near $2.26, with 24-hour volume topping $6.42 billion. The weekly performance shows a 13% decline and a further 6% slide over the last session. Although the drop has stirred concerns among retail traders, some market observers note that structural fundamentals behind Ripple and XRP remain resilient.
Whale Selling And Shifting Market Behavior
Data from several on-chain tracking platforms shows that wallets holding between 100 million and 1 billion XRP have reduced exposure recently. Their selling coincided with the price fall from levels above $3.00 toward the $2.30–$2.40 range. Exchange inflows from these large wallets have eased since the end of October, following notable spikes earlier in the month. If this trend continues, the reduced supply landing on exchanges could help limit additional downside pressure once demand improves.
Analysts also point out that some long-term investors appear to be accumulating gradually at lower price areas, signalling that confidence in XRP’s medium-term outlook is still present, especially among holders aligned with Ripple’s institutional vision.
Price Analysis With Focus On Volatility And Dominance
Technical analysts highlight heightened volatility across XRP pairs, with price action fluctuating within tight intraday ranges. XRP/USD and XRP/BTC have recently closed with a bearish tone amid a rise in Bitcoin dominance. Many traders are watching whether Bitcoin sustains control of market liquidity, as it could dictate the extent of XRP’s recovery potential. Some chartists identify a possible five-wave corrective structure that may briefly revisit the $2.00 region before a potential rebound.
Beyond price movement, Ripple continues to advance on the business front. The company recently introduced a spot prime brokerage service in the United States aimed at institutions executing over-the-counter transactions for XRP, RLUSD, and other digital assets. Ripple has also expanded its custody footprint through the acquisition of Palisade, reinforcing its positioning in institutional finance and technology.
