XRP Faces Price Pressure as Whales Sell Off $500 Million

Data shows that whale wallets holding between 10 million and 100 million XRP sold around 160 million tokens in just one day. The total value of these transactions reached nearly $500 million, suggesting growing uncertainty among major investors. Some whales took profits instead of holding their positions, contributing to the recent price swings.

Despite the selling pressure, some whales have started buying back XRP, signaling renewed confidence. If this trend continues, XRP could find stronger support and attempt another rally. Long-term holders are also helping stabilize the price by maintaining their positions, reducing the risk of a sharp decline.

Currently, XRP is trading at $3.10, staying above the critical $2.95 level. If it holds this support, a potential rally toward its all-time high (ATH) of $3.40 could follow. However, breaking below $2.95 might trigger further losses, pushing XRP toward $2.73 or lower.

Market watchers are closely monitoring whale activity and broader market trends. If large holders resume accumulation, XRP could gain momentum for another push upward. On the other hand, continued sell-offs might increase bearish sentiment, leading to further declines.