XRP Whales Dump $470 Million: Distribution Signal, Not Panic

In the past 10 days, XRP "whales" have sold approximately $470 million, causing the price to drop more than 20% from the all-time high of $3.65. Currently, $XRP is trading around $2.90, falling below the $3 mark for the first time since early August.

However, analysts believe there is no need for excessive worry. Unity Wallet CEO, James Toledo, noted that trading volume remains stable, while smaller wallets continue to accumulate XRP. This indicates that the market is redistributing rather than experiencing panic selling.

Important support levels are identified in the range of $2.78 – $2.60. Toledo emphasized that if XRP holds above these levels, it will be a sign of underlying strength.

Although the short-term outlook is assessed as bearish, institutional money is still flowing into XRP. Last week, XRP-related investment products attracted $125.9 million, placing them second only to Solana. Additionally, many XRP ETFs in the U.S. are awaiting SEC approval, opening new opportunities for large capital inflows.

Expert Dean Chen (#Bitunix ) predicts that if XRP does not soon exceed $3.25 – $3.30, the price could revert to $2.72 or even $2.60. Conversely, if it breaks strongly above $3.30, the upward trend may restart.

👉 This whale activity, according to experts, is likely just profit-taking and reallocation, rather than a collapse signal.

⚠️ This article is for reference only and is not an investment recommendation. #anhbacong