Whales Sell 68.5M XRP Daily, Driving Volatility Amid Price Rally
XRP price surge has coincided with major holders offloading roughly 68.5 million tokens each day. Blockchain data shows that top whales are engaging in strategic profit-taking rather than panic selling. These large sales impact market liquidity and contribute to heightened volatility around key resistance levels. Retail traders often feel amplified price swings when whales adjust positions. Analysts note that consistent whale activity can temper rapid rallies and test support zones without triggering a crash. While downward pressure may emerge in the short term, such sales also indicate confidence in XRP’s liquidity and the market’s capacity to absorb large transactions. Understanding whale behavior is essential for navigating XRP price fluctuations.
Bearish
Heavy daily sales of 68.5 million XRP by top holders increase short-term selling pressure and liquidity drains, likely pushing prices lower around resistance zones. Similar whale-driven sell-offs in Bitcoin and Ethereum have caused temporary dips before eventual recoveries. In the short term, traders should expect heightened volatility and potential pullbacks as whales lock in profits. Over the long term, sustained whale activity can signal confidence in XRP’s liquidity and stability, supporting a gradual recovery once large holders complete their sell-off. Understanding these dynamics helps traders adjust risk and position sizing while monitoring support levels.