XRP News Today: XRP's ETF Hopes Clash with Whale Selling as $2.75 Support Tested

XRP faces intensifying selling pressure as large holders offload approximately $50 million in the token daily, according to data from Whale Flow and CryptoQuant. This sustained outflow, which has persisted since early 2024, exacerbates market concerns and challenges optimism surrounding potential regulatory developments, including a possible U.S. Securities and Exchange Commission (SEC) approval of a spot XRP exchange-traded fund (ETF). Analysts warn that the ongoing whale activity could deepen the token's downtrend unless countered by a strong bullish catalyst XRP Price on Edge as $50 Million Daily Whale Selling Threatens …^[1].

Technical indicators further underscore the bearish sentiment. Renowned chart analyst Peter Brandt has identified a descending triangle pattern for XRP, signaling heightened downside risk if the price breaks below the key support level of $2.75. A breakdown could trigger a sharp decline toward $2.20, representing a 22% drop from current levels. Brandt emphasized that XRP remains a "short candidate" contingent on the pattern's completion XRP Price on Edge as $50 Million Daily Whale Selling Threatens^[2].

Despite the selling pressure, hopes for an XRP ETF approval persist, with some market participants, including "Steph is Crypto," suggesting a possible greenlight by October 18. However, regulatory experts caution that immediate approval faces hurdles, and prediction markets on Polymarket show over 99% odds of approval in 2025, though not necessarily before year-end XRP ETF Approval Odds. Source: Polymarket^[3]. Analysts remain divided on whether ETF approval would alleviate selling pressure or instead trigger a "sell-the-news" response if whales use the event as an exit point.

On-chain data reveals a stark shift in whale behavior. Since early 2024, net outflows from large wallets have remained consistently negative, with exchange inflows surging to nearly $200 million in November 2024 and January 2025, aligning with historical price tops. Conversely, periods of sustained outflows have coincided with price consolidation or declines. The recent accumulation by whales in April 2025 briefly stabilized XRP near $2.80 but was followed by renewed distribution in late July 2025, pushing the price below $2.40 XRP Whale Flows Turn Deeply Negative, XRP Faces Renewed Distribution Pressure^[4].

Market dynamics remain fragile as XRP trades near $2.83, with a 2.45% 24-hour increase but declining trading volume. The token's circulating supply of 59.3 billion tokens, out of a capped 100 billion, underscores its limited supply dynamics. However, the interplay between whale selling and ETF speculation has created a volatile environment, with investors closely monitoring both fundamental and technical triggers XRP Faces Sell Pressure with Whale Flows Turning Negative^[5].

The XRP Ledger's recent integration of Ethereum Virtual Machine (EVM) compatibility and growing decentralized finance (DeFi) adoption offer long-term support. Yet, short-term risks persist, including regulatory uncertainty, macroeconomic headwinds, and potential profit-taking by whales. Analysts highlight the critical importance of maintaining the $2.75–$2.80 support zone to prevent further deterioration.