Analyst Ali Martínez reported that roughly $400 million in XRP was offloaded over a two-day span, according to his post on X. The large movement has drawn attention from market participants monitoring unusual wallet activity and its potential impact on price stability.
190 million $XRP sold by whales in the last 48 hours! pic.twitter.com/nB0P7jADCx
— Ali (@ali_charts) November 20, 2025
Martínez highlighted that significant amounts of XRP were transferred to exchanges, a pattern often associated with increased selling pressure. The scale of the offload has raised questions about its origin and whether more liquidations could follow. Traders note that concentrated selling events can trigger volatility, particularly during periods of reduced liquidity or heightened uncertainty.
Market observers will be watching on-chain flows and exchange balances to gauge whether the selling trend continues. Analysts suggest monitoring support levels and whale behavior to assess risk in the short term, as further movements could influence sentiment and intraday price action.
Source: Ali Martínez on X.
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