XRP News Today: XRP Drops 11% as Whales Sell Off $57.7 Million

XRP, the cryptocurrency associated with Ripple, has recently experienced a significant decline in value, causing concern among investors. The price of XRP dropped from $2.33 to $2.08 after four consecutive days of losses. This decline has been accompanied by a notable exodus of large investors, commonly referred to as "whales," who have been liquidating their holdings. Whales have made large transfers, signaling growing sell pressure and weakening sentiment. This movement has raised questions about the stability of the cryptocurrency and its potential impact on retail investors.

Over the past month, whales ruled XRP’s spot market. They moved with weight and confidence, placing large orders on the XRP Ledger. But those giant splashes have turned into exit signals. Patience has worn thin. Whale Alert tracked a jaw-dropping transfer—nearly 27 million XRP, worth $57.7 million, to Coinbase. Moves like that rarely whisper. They shout. This shift suggests a clear intent to sell or reposition. And when whales unload, waves hit the entire market. Supporting this trend, XRP’s exchange Netflow flipped green for the first time in six days. That number hit $1.1 million. Traders are moving coins to exchanges, which often signals an urge to sell. Another indicator confirms the downbeat mood. XRP’s Taker Buy Sell Ratio stayed below 1 for six straight days. This shows sellers still dominate, while buyers hesitate. Combined, these signals paint a picture of a market under pressure—with sellers steering the ship. Retail traders tend to follow trends. When whales run, fear spreads. But markets rarely move in straight lines. The question is whether this whale-led exit creates opportunity or deepens the fall.

Technical analysis shows rising selling activity across both large and small players. Unless demand floods back in soon, support at $2 could break wide open. If that line fails, a drop to $1.90 appears highly likely. Momentum favors the bears right now. Sentiment also leans heavily negative. Traders watch the chart like it’s a slow-motion collapse. Still, there’s a flicker of hope. If XRP can close a daily candle near $2.20, bulls may return. That could shift the mood and spark fresh interest from sidelined buyers. Such a move would send a message that retail interest still breathes. Retail traders often enter when fear peaks. This might be one of those moments. If whales exit, space opens for smaller players to step in. Whether that becomes a lifeline or a trap depends entirely on timing. For now, XRP seems to be in a battlefield—filled with uncertainty, but rich with potential. The next move could either break spirits or reignite belief. Retail traders must weigh risk, trust their strategy, and stay sharp. This storm could clear—or worsen.