XRP – In a decisive two-week sweep, XRP whales have transferred a stunning $480 million worth of the cryptocurrency, potentially foreshadowing an oncoming shift in market momentum that traders and institutions are watching closely.
According to on-chain analytics from Santiment, major XRP holders—wallets maintaining between 1 million and 10 million tokens—have seen their collective stash plummet from 6.95 billion to 6.77 billion coins since September 4. This accelerated selloff, mirrored by larger whale cohorts with 10 million to 100 million tokens, marks one of the steepest declines in recent months. Data shows these large investors have pared their holdings from 8.1 billion coins just weeks ago down to 7.77 billion—suggesting a coordinated move away from XRP despite an otherwise buoyant digital asset landscape.
Even the most influential class—wallets holding between 100 million and 1 billion tokens—initiated a dramatic offload in July, dropping their positions from 10.83 billion to 7.94 billion by August. Since then, these ultra-whales have adopted a watchful, inactive posture, neither adding nor divesting significantly as the rest of the market braces for regulatory and macroeconomic developments.
These substantial divestments land as the XRP price strives to defend the psychologically significant $3 level—a threshold that, if breached, could trigger another round of declines. Notably, this bearish flow continues despite anticipation of a Federal Reserve rate cut and the upcoming launch of the first U.S. spot XRP ETF, both of which have failed to ignite bullish sentiment among institutional holders. Instead, analysts fear these “buy the rumor, sell the news” events may only accelerate a downward move should expectations not be met.
Egrag Crypto, a respected market commentator, has signaled a looming bearish cross for XRP unless the asset achieves weekly closes above $3.07 and $3.13. Without this bullish validation, downside risks remain elevated, with forecasts suggesting the price could sink to $2.65 before attempting a recovery. On the upside, a strong breakout could propel prices to $3.70 in an eventual rally, but the burden of proof now lies with the bulls.
At the time of writing, XRP trades around $3.02, showing a modest uptick over the past 24 hours but leaving traders and investors on edge as whale behavior and macro forces set the stage for the next decisive chapter.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Investors should always conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions in cryptocurrencies, which are highly volatile and speculative assets.
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