XRP Traders Face Fresh Selling Pressure As Large Holders Move Out
BY
Ben Graham
|
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XRP is under renewed selling pressure after data showed big holders are moving large sums out of the market.
According to CryptoQuant analyst Maartunn, on average whales have been net moving about $50 million per day away from XRP holdings. That flow has coincided with renewed price weakness and sharper swings than seen in recent weeks.
Price Slips After Early October Rally
After pushing above $3.00 on October 3, XRP slid back sharply. Reports show the token fell below $2.50 roughly a week later.
Since that dip the highest print has been $2.83, while XRP is trading near $2.40 at the time of reporting. Price action has been mixed over different horizons — XRP is down about 20% over the last seven days but remains in the green on the 14-day chart.
Whale Flows Turned Negative After Accumulation
According to on-chain data shared by Maartunn, whale flow measured on a 30-day moving average swung from positive to negative across the past year.
During 2022 and into early 2023, large transfers suggested accumulation, a period that tracked with relative price calm. Mid-2023 through the first three quarters of 2024 showed a clear negative trend in whale flow, and that pattern returned in force after a later surge in inflows.
Reports have disclosed that the most extreme negative reading on the chart appeared during a price spike in mid-January, when XRP reached as high as $3.4 on January 16, 2025, and large holders took profits.
The on-chain picture is not uniform. There was a brief window of accumulation in April when XRP slid toward the $2 support level. That buying continued into late June as the token recovered above $2.
Following that recovery, selling pressure resumed as holders locked in gains. The current 30DMA reading sits near negative $50 million per day, a sustained net outflow that signals distribution by some big accounts.
Market Reaction And Possible PathsWhat this means for price is not set in stone. Continued heavy selling into thin bids could push XRP lower toward nearby supports around $2.20 to $2.50. On the other hand, if buyers step in and absorb the outflows, XRP could trade sideways with sharp intraday swings.
Based on reports, veteran investor Patrick L. Riley added a conditional bullish note: a weekly close at $3.11 would produce a very strong weekly candle and could attract fresh demand. That scenario would require meaningful buying to overcome current selling by large holders.
Featured image from Meta, chart from TradingView