XRP Whales Dump $1.9 Billion as Analyst Warns of Potential 30% Price Drop
XRP could remain in a fragile position unless large holders, or whales, begin accumulating the token again, according to a market analyst. Recent data shows that XRP whales have offloaded approximately $1.9 billion worth of the cryptocurrency, raising concerns about further downside risk.
The analyst noted that unless daily inflows into whale wallets exceed 5 million XRP, the asset may struggle to regain strength. This level of accumulation would signal renewed confidence among major holders, potentially stabilizing the price. Without it, XRP faces the risk of a steep decline, with the analyst warning of a possible 30% drop.
The sell-off by whales has added selling pressure to XRP, which has already been underperforming compared to other major cryptocurrencies. The lack of sustained demand from large investors could prolong the bearish trend, making it difficult for the token to recover in the short term.
Market participants are closely watching whale activity for signs of a shift in sentiment. If accumulation resumes, it could provide much-needed support for XRP. However, if the selling continues, the token may face further downward movement, validating the analyst’s warning of a significant price correction.
For now, traders and investors remain cautious, waiting for clearer signals from whale behavior before making decisive moves in the XRP market.
