XRP Whales Dump $40M Tokens, Retail Traders Dey Accumulate
XRP don dey trade between $2.80 and $3.10 since e local peak reach $3.50 two weeks ago. Recently, big holders just dump 40 million XRP for clear whale distribution phase, with net outflows hit three-week high. Spot netflow reach $3.99 million, show say strong selling pressure dey. Meanwhile, retail traders don step in, create $18 million positive Buy-Sell Delta for three days. For futures market, Taker Buy/Sell Ratio don bounce back above 1.0 for the first time in three weeks and funding rates still dey positive for 30 days straight. This wahala put XRP for critical junction: if whale distribution slow down and retail accumulation continue, the token fit break above $3.10 go $3.50. But if selling pressure start again, price fit drop to $2.50.
Neutral
Plenti whale sell off dey usually put bearish pressure, as dem don see before say big big XRP outflows dey make price fall. But strong retail accumulation and steady positive funding rates show say buyers still get strong demand. Similar on-chain situations for 2024 show say even as whale distribution dey happen, e dey balance with rising spot netflows and long positions, wey dey make market just dey sideways consolidate instead of sharp drop. Short term, XRP fit remain for between $2.80–$3.10 range as opposite forces dey balance. Long term, market direction go depend on whether retail interest plus bullish derivatives sentiment fit still absorb whale distribution.