Massive whale transactions have triggered renewed bearish sentiment for XRP. Data shows that two major wallets recently moved more than 106 million XRP, worth around $242 million, to exchange-linked addresses, suggesting growing selling pressure across the market.
The sudden outflows have raised concerns that large holders may be preparing to offload positions amid uncertain market conditions. While some analysts believe part of the transfers could be over-the-counter (OTC) trades to minimize price impact, the timing coincides with increased volatility across top cryptocurrencies.
Currently, XRP is struggling to maintain key support levels around $1.00, after multiple attempts to recover were met with selling resistance. If the bearish momentum continues, the next potential support zone lies near $0.95, while a recovery above $1.10 could indicate renewed strength.
Despite short-term weakness, long-term sentiment remains cautiously optimistic. XRP’s continued focus on global payment integration and cross-border settlement technology could drive renewed utility once market conditions stabilize. However, persistent whale activity and exchange inflows suggest near-term pressure may continue.
Traders are closely watching further wallet movements, exchange inflows, and changes in market liquidity to gauge whether this whale-driven selloff will deepen or stabilize in the coming sessions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
