Whale Exodus Intensifies: XRP Under Fresh Selling Pressure as Big Players Cash Out
XRP's price braces for turbulence as whale wallets unleash a flood of tokens onto exchanges. The sudden liquidity dump signals fading confidence among crypto's elite—just as retail investors start eyeing 'discount' entries.
Market movers play hot potato
Blockchain trackers spotted nine-figure XRP transfers hitting trading platforms in the past 48 hours. When whales move, tides shift—and right now they're swimming for the exits.
Retail traders left holding the bag?
History shows whale sell-offs often precede steeper drops. But hey, Wall Street's 'smart money' always times it perfectly—main street investors just get the privilege of buying the dip... before the next dip.
XRP’s price movement
XRP trades at $3.08 at the time of writing. Despite posting an approximate 4.7% in the past 24 hours, the token’s performance over the past week has been negative. Since dipping from its July peak of $3.6, it has struggled to reclaim upward momentum.
On the daily chart, XRP is still showing signs of strength, holding above key moving averages. Price is still caught in a short-term range between $2.95 and $3.10, with no decisive breakout yet.
The Relative Strength Index (RSI) has climbed into neutral territory, hovering NEAR 54. This suggests that the market is balanced for now and there’s room for price to move either day.
If whale inflows return to the range analysts are calling, it could spark fresh momentum and a push higher. But if the heavy trend of outflows continues, the market may stay under pressure, with downside risks remaining in play.
