XRP Whale Exits $5.68M Position, Signals Short-Term Pullback
An XRP whale closed a $5.68 million long position at roughly $3.52, sparking a major market signal. XRP has rallied 20% in the past week and nearly 480% year-to-date, with a market cap above $208 billion and 24 h trading volume exceeding $8.5 billion. Traders interpret the exit near the $3.60–3.70 resistance zone as profit-taking, hinting at a possible short-term pullback.
Despite this, XRP’s bullish fundamentals persist. Ripple’s SEC settlement improved regulatory clarity, paving the way for futures, ETFs and renewed U.S. exchange listings. On-chain metrics show record large-wallet accumulation and a breakout from a long-term triangle. Technical indicators target $5.80–6.00, while AI-driven forecasts estimate $6–10, supported by rising institutional interest.
Neutral
The whale’s $5.68 million exit near the $3.60–3.70 resistance zone is a clear profit-taking signal that may trigger a short-term pullback in XRP’s price. Technical indicators point to potential corrective moves, while traders brace for consolidation. However, the broader outlook remains underpinned by strong fundamentals: SEC settlement–driven regulatory clarity, record on-chain accumulation and a triangle breakout support a longer-term uptrend. The mix of an immediate bearish signal and durable bullish drivers leads to a balanced, neutral impact assessment.