Whales Shift $500M XRP to Exchanges, Hint at Sell-Off
On-chain data shows 170 million XRP (roughly $480–500 million) moved into exchange wallets over the past seven days, highlighted by analyst STEPH IS CRYPTO. Such exchange inflows often signal mounting sell pressure, though the recent transfers may also reflect operational rebalancing by institutions. Despite the half-billion-dollar move, XRP price has held steady at $2.80, trading within a $2.75–2.86 range as markets absorb the extra supply. Continued accumulation by long-term holders could counteract potential selling. Key levels to watch are $2.70–2.80 for support; a breach could trigger further declines, while shrinking exchange balances may indicate a recovery. Traders should monitor exchange inflows versus outflows and actual sell orders to assess XRP’s next directional move.
Bearish
Large-scale inflows of 170 million XRP to exchanges often point to an impending sell-off, as seen in past whale transfers that coincided with sharp price declines. Although XRP’s price remains stable at $2.80, sustained pressure could test the $2.70–2.80 support zone. If sell orders materialize, stop-loss triggers may exacerbate downside volatility in the short term. However, long-term holder accumulation could cushion the fall, leading to a neutral or even bullish rebound if exchange balances shrink. Overall, the half-billion-dollar move tilts the immediate outlook toward bearish, with traders advised to watch on-chain flows and price action around key levels for further signals.