XRP Plummets 20% as Crypto Whales Flood Binance with Massive Transfers
Digital asset markets reel as XRP takes a brutal 20% nosedive—whale activity spikes to alarming levels.
The Great Exodus
Massive XRP holdings worth millions suddenly materialized on Binance exchanges worldwide. These weren't your average retail transfers—these were institutional-scale movements that screamed coordinated selling pressure.
Market Mechanics Exposed
When whales dump, retail investors bleed. The 20% collapse wasn't just numbers on a screen—it represented real wealth evaporation for thousands of holders who bought the 'digital asset revolution' narrative. Classic crypto—the big players profit while the little guys learn expensive lessons about market concentration.
Regulatory Shadows Loom
Meanwhile, traditional finance executives probably sipping champagne while watching another 'decentralized' asset prove just how centralized it really becomes when the money moves.
Whale Selling Sends XRP Tumbling From $3.1 to $2.4
CryptoQuant analyst Arab Chain pointed out that the movement peaked between October 10 and 12, coinciding with a drop in XRP’s price from around $3.10 to $2.40 within days. According to them, the pattern signals that whales may have been locking in profits or hedging after last week’s volatile rebound.
“This pattern is often interpreted as an indicator of whale-driven selling pressure, as increased flows to centralized exchanges typically reflect intentions to sell or take profits, especially when accompanied by a decline in price.”
The inflows marked a reversal from September’s calm, when exchange transfers were minimal. The market technician noted that each wave of heavy inflows matched with a steep price correction, suggesting direct market impact from whale activity.
As inflows began to taper after October 11, XRP stabilized NEAR $2.60, indicating the end of the intense liquidation phase. This shift reflected the asset finding a temporary equilibrium as liquidity exited the market.
The on-chain data is supported by findings from market commentator Ali Martinez, who reported on October 14 that whales had sold 2.23 billion XRP tokens since October 10.
The divestment, worth about $5.5 billion, has reduced the group’s collective holding to 12% of the asset’s circulating supply. Such a substantial sell-off from influential market participants often creates anxiety among smaller investors and can lead to increased market supply without a corresponding rise in demand.
Analysts Split as Technical Signals Flash Mixed Outlook
At the time of writing, XRP had seen a 3% increase in the last 24 hours, bringing its price back up to $2.52. However, it remains down 11.1% over the past seven days and 17% monthly, according to CoinGecko data.
This downturn occurred despite a powerful 160% recovery from lows near $1.00 recorded on October 13, a bounce that followed the $19 billion crypto liquidation event from last weekend.
However, not everyone agrees on the integrity of current price data. Analyst EGRAG CRYPTO, writing on October 14, criticized inconsistencies across exchanges such as Binance and Coinbase, claiming that distorted data led to exaggerated volatility.
They said that going forward, They would rely on an aggregated “Crypto Data Set,” and identified $1.40 as the new baseline for XRP’s long-term analysis. From a technical perspective, they also identified $2.65 as a critical level for the Ripple token to overcome.
