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Investors Are Massively Selling XRP: Whales Dump $5 Billion in Four Days
XRP has been unable to recover after the recent market crash. Weak investor support and growing selling pressure are hindering its rebound.
Despite the market’s partial stabilization, XRP holders continue to offload their assets, intensifying bearish sentiment and slowing the altcoin’s recovery.
XRP Holders Begin Selling
The crypto market crash occurred nearly four days ago, yet XRP investors remain active sellers. Data shows that trading volumes have reached their highest levels since December 2022, signaling widespread panic among investors.
Persistent selling pressure prevents XRP from regaining momentum. Buyers are losing confidence and are hesitant to reenter the market, while the continued outflow of tokens to exchanges reflects fear of further losses and limits upside potential.
Large holders have been the main drivers behind the recent XRP price drop. Addresses holding between 100 million and 1 billion XRP sold over 2.24 billion tokens, worth more than $5.4 billion, following the October 10 market crash. This massive sell-off has further weighed on prices.
XRP Price Needs to Recover
At press time, XRP is trading at $2.44, slightly below the key support level of $2.45. If the bearish trend continues and investor confidence weakens, the altcoin could fall to $2.35 or even $2.27 in the coming days.
Such a decline would make recovery more difficult, as XRP would need to rise to $2.85 to offset recent losses. Ongoing selling—especially from major holders—could delay this process and push prices lower.
If selling pressure eases and investors begin buying again, XRP could rebound. A breakout above $2.54 and $2.64 would pave the way toward $2.75, signaling renewed market optimism and invalidating the bearish scenario.
See also: "Santiment analysts reveal Bitcoin traders’ sentiment trends"
