XRP News Today: XRP Under $3 Threat as Whale Selling and Insider Activity Intensify Pressure

XRP is facing mounting downward pressure as whale selling and insider activity combine with weakened on-chain momentum to threaten the critical $3 support level. Over the past 90 days, large holders—often referred to as whales—have been offloading approximately $28 million worth of XRP per day. This sustained selling activity has increased the asset’s circulating supply, contributing to a bearish price outlook and amplifying short-term volatility [1]. The continued offloading suggests either profit-taking or a cautious stance amid broader market uncertainty.

Adding to the bearish sentiment is the recent activity of Ripple co-founder Chris Larsen, whose sales have raised questions among investors about the broader market outlook. While insider selling is not uncommon, in this case, it has coincided with whale activity, intensifying selling pressure and contributing to growing fear, uncertainty, and doubt (FUD) in the market. Larsen’s transactions, though potentially for personal or liquidity reasons, are being interpreted by many as a signal of reduced confidence in XRP’s near-term prospects [1].

On-chain data also shows weakening momentum, with declining transaction activity and reduced buying interest. This trend is a concerning sign for XRP, as it suggests a loss of network engagement and potential downward pressure on price. On-chain analytics are increasingly seen as key indicators of market health, particularly for assets like XRP, where whale activity can significantly influence price dynamics [1].

The $3 level is not just a technical support level but also a psychological barrier for XRP. Its breach could trigger a wave of stop-loss orders and erode investor confidence, potentially leading to a broader sell-off. Maintaining this level has historically been a sign of resilience, but current selling patterns suggest it is now under direct threat. Investors are closely watching whether XRP can hold above this level or if it will succumb to further downward movement [1].

Amid this bearish backdrop, some analysts remain cautiously optimistic about XRP’s long-term potential. However, they emphasize that short-term price stability will depend heavily on whale and insider behavior, as well as broader macroeconomic conditions. Without a clear stabilization in selling pressure, the $3 support level is expected to remain vulnerable. Investors are being advised to monitor on-chain analytics closely, track whale movements, and implement risk management strategies such as diversification and stop-loss orders to mitigate potential losses during this volatile period [1].

While XRP remains under pressure, other developments in the crypto market are also shaping investor sentiment. For example, SharpLink Gaming recently acquired 77,210 ETH in a $295 million transaction, bringing its total ETH holdings to 438,017, valued at $1.69 billion [2]. Such institutional buying can influence liquidity and market psychology, though it does not directly alter the immediate pressure on XRP. Meanwhile, broader market trends have seen a shift toward larger-cap crypto assets as investors seek relative stability [3].

Without a significant reversal in whale and insider selling, XRP’s price trajectory is likely to remain cautious in the near term. The asset’s ability to stabilize above $3 will be a key factor in determining whether it can regain momentum or face further declines. Investors are being urged to stay informed and adapt their strategies based on real-time on-chain data and macroeconomic developments [1].

Source:

[1] https://en.coinotag.com/xrp-whale-selling-and-insider-activity-may-pressure-critical-3-support-level-amid-market-uncertainty/

[2] www.facebook.com/groups/forexxauusd

[3] Mitrade