XRP News Today: Whales Sell $1.3B XRP But Buy Dips as Battle for $5 Looms

Ripple’s XRP token has experienced notable movement in whale activity, with 470 million XRP transferred in escrow and exchange-related transactions over the past ten days, according to on-chain data. This represents a significant selling pressure, with large wallet holders offloading substantial amounts of the token. The sell-offs coincided with increased inflows to major exchanges, including Binance, where transfers of over 100 million XRP occurred at various points during the period. As of the latest update, an additional 11.8 million XRP entered Binance, signaling continued market pressure [1].

Despite the recent sell-offs, whale activity suggests a level of underlying demand. During periods of price weakness, large investors accumulated approximately $360 million worth of XRP, demonstrating a strategy of buying the dips. Earlier in the year, these same wallets had added 320 million XRP, valued at nearly $1 billion, in a short span of three days. This dual pattern of selling during price highs and accumulation during dips indicates a strategic, market-sensitive approach to XRP’s valuation [1].

XRP’s current price stands at $2.89, having experienced a 4% drop in the last 24 hours and a 11% decline over the past week. The token’s performance has been influenced by broader market dynamics, including the anticipation of remarks by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium. Traders are closely monitoring these developments for potential shifts in macroeconomic policy. The token’s 24-hour trading volume remains substantial at $6.74 billion, though the price action has moderated compared to the July rally that saw XRP surpass the $3.60 level [1].

Analysts have noted that if the current selling trend continues, XRP could test the $2.70–$2.50 support range. However, should accumulation accelerate and exchange inflows slow, the token may find a floor and stabilize. The market is also influenced by ongoing regulatory developments, particularly following Ripple’s settlement with the U.S. Securities and Exchange Commission (SEC) and recent regulatory shifts under the Trump administration. These events have contributed to a clearer legal landscape, which has, in turn, shifted investor focus toward whale behavior and broader macroeconomic indicators [1].

Looking ahead, XRP bulls are optimistic about the token reaching the $5 level, driven by growing interest in Ripple’s payment solutions and institutional adoption. However, some analysts argue that smaller-cap projects, such as Remittix (RTX), may offer greater upside by addressing cross-border payments through a decentralized and user-friendly framework. While XRP remains a well-established player with strong institutional backing, Remittix is being positioned as a more agile and practical alternative, particularly for freelancers, migrants, and NGOs seeking direct, low-fee transfers [2].

Source: [1] 470000000 XRP Offloaded by Whales — What's Next for ... (https://cryptopotato.com/470000000-xrp-offloaded-by-whales-whats-next-for-ripples-price/) [2] XRP Bulls Target $5, But Whale Accumulation Suggests ... (https://coincentral.com/xrp-bulls-target-5-but-whale-accumulation-suggests-remittix-may-outperform-xrp-with-10x-gains-in-12-months/)