Why are whales selling their XRP at a record pace?

XRP whales are accelerating their sales at rarely observed levels, with net outflows reaching 50 million dollars per day. This massive selling pressure comes as the crypto market goes through a delicate consolidation phase. Investors are now scrutinizing the wallets of large holders to anticipate the next price movements.

Outflows of 50 million dollars

On-chain data reveals a concerning trend: wallets holding more than 10 million XRP have been systematically reducing their positions for several weeks.

Blockchain analysis platforms are recording massive transfers to centralized exchanges, usually precursors to imminent sales. This intensification of outflows sharply contrasts with the accumulation period observed at the end of 2024.

The current pace represents about 50 million dollars of daily outflows, a statistic that places XRP among the cryptocurrencies experiencing the most intense selling pressure in the market. Whales that had strategically accumulated for months now seem to favor profit-taking. This redistribution increases short-term volatility.

Trading volumes confirm this dynamic with regular spikes coinciding with major wallet transfers. Order books display an accumulation of sell walls at key psychological levels, suggesting a gradual exit strategy rather than a brutal dumping. However, this measured approach does not prevent constant downward pressure on the price.

What to expect for the XRP price?

XRP is struggling to maintain its rallies. The Volume Profile Order Blocks in 4H indicates obvious selling pressure. Currently close to the bottom of its triangle, XRP could retest, or even liquidate below, the trendline at 2.67 dollars.

Nevertheless, the RSI in 4H is close to oversold.