Whales Pressure XRP Price Despite Robust Fundamentals
XRP price slid over 10% last week to around $2.30 as whale-driven exchange inflows surged, with large holders offloading over 900,000 XRP in planned distributions. Record whale transfers to Binance and spikes in the 100-day SMA around Ripple’s latest capital injection confirmed a sell-the-news setup, coinciding with Bitcoin dipping below $100,000 and Ethereum under $3,200, which triggered $1.7B in liquidations. Despite the XRP price selling pressure, on-chain metrics show exchange inflows have since declined, easing immediate sell-side pressure. Technical support holds near $1.94, while Ripple’s fundamentals remain robust, highlighted by its US spot prime brokerage launch, the Palisade acquisition, partnerships like GTreasury, and fresh spot XRP ETF filings by Franklin Templeton and Bitwise. Traders should monitor whale activity and macro conditions for potential stabilization and trading opportunities.
Bearish
The news has a bearish impact on XRP price. In the short term, intensified whale selling and a spike in exchange inflows have driven the token down over 10%, indicating immediate downward pressure. Technical indicators point to a key support level at $1.94, but sentiment remains fragile. Although Ripple’s strong fundamentals—such as institutional prime brokerage services, strategic acquisitions, and spot ETF filings—could support a recovery over the long term, traders are likely to react to the prevailing sell-the-news dynamics and macro headwinds. As a result, the overall near-term outlook is bearish, with potential stabilization pending reduced whale activity and improved market conditions.