- Whale wallets sold 160 million XRP in the past two weeks.
- Holdings dropped from 6.95 billion to 6.79 billion XRP.
- XRP remains steady above $3 despite whale selling.
Whale wallets holding between one million and ten million XRP sold a combined 160 million tokens in the past two weeks, according to data from analyst Ali Martinez. This marked one of the largest short-term reductions by mid-tier whale holders in recent months.
Santiment data shows that total holdings in this bracket fell from around 6.95 billion XRP to 6.79 billion XRP. The change highlights that some of the largest investors are locking in profits after months of accumulation.
XRP Price Holds Above $3
Despite the sizable whale outflows, XRP has held firm above the $3 level. The token has managed to maintain support above $3 even as whale selling introduced additional supply into the market.
Related: XRP (XRP) Price Prediction For September 16
For context, XRP trades at $3.02, a 1.9% decline in the past day. Despite occasional volatility with whale offloads adding additional selling pressures, XRP managed to trade at 4.6% and 10.6% in the past week and fortnight, respectively. Notably, the coin briefly touched $3.17 over the weekend before the latest dip.
This resilience suggests that demand from retail traders and other market participants may be offsetting the selling pressure. However, continued large-scale selling could weigh on XRP’s price if demand weakens.
Accumulation Trends Earlier in 2025
Whale activity has closely mirrored XRP price movements this year. Since early July, whale wallets have steadily accumulated tokens, pushing their combined holdings near 7 billion XRP. During this period, XRP’s price rose from below $2.50 to about $3.66 by mid-July, signaling a clear link between accumulation and price performance.
Since early August, price action has been more volatile, with XRP falling from the July peak to under $2.7. Meanwhile, whales mostly maintained their holdings at around 6.9 billion XRP until the recent decline to approximately 6.79 billion XRP.
Analyst Outlines Two XRP Price Scenarios as Cycle Nears End
XRP remains range-bound, with support forming around $3. TradingView analyst Ahmad Kazemii recently used Elliott Wave theory to present two bullish scenarios for XRP as its current cycle concludes:
- Base Case: A favored bullish impulse could push XRP to $8–$9, roughly a 3X gain.
- Alternative Case: A stronger rally might extend XRP’s rise to about $11, identified as a potential reversal zone.
Both scenarios suggest significant upside, but price reactions at key resistance will clarify the path forward. Other analysts also predict XRP nearing $10, supported by breaking resistance, growing institutional demand, and upcoming DeFi platforms and ETFs.
Related: Bitcoin $200K, Ethereum $10K, Solana $1K, XRP $7 – Analyst’ Super Cycle Targets
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