XRP News Today: XRP Whale Sells $470M But Analysts See Redistribution, Not Panic

Large-scale crypto movements often spark concern, but recent $470 million in XRP whale selling over the past 10 days has not prompted widespread alarm among analysts. While the token has dropped more than 20% from its $3.65 peak and now trades at $2.90, the sustained trading volume and continued accumulation by retail investors suggest a redistribution rather than a collapse [1].

James Toledo, CEO of Unity Wallet, noted that whale selling can pressure short-term prices but does not necessarily signal panic in the broader market. He highlighted that funding rates remain neutral and that retail participation continues to grow, indicating a shift in ownership rather than a mass exit [1].

Despite the heavy selling, XRP remains above key support levels around $2.78–$2.60, offering a potential floor for further downside. If the price can hold in this range, it may reflect underlying market strength rather than outright weakness [1]. Analysts, however, have maintained a cautiously bearish near-term outlook, emphasizing that without a decisive reclaim of levels above $3.25–$3.30, the price could test lower thresholds [1].

CoinShares’ recent report also showed that XRP-based exchange-traded products (ETPs) attracted $125.9 million in inflows last week, a sign that institutional interest remains intact, albeit behind Solana-based funds [1]. The broader context of the market includes a general consolidation phase, with major cryptocurrencies like Bitcoin and Ethereum showing mixed performance. In this environment, the XRP whale unwind is viewed as a reflection of individual portfolio adjustments rather than a coordinated bearish signal [1].

Dean Chen of Bitunix added that whale movements in crypto are often misinterpreted as dumping, but they usually reflect redistribution rather than panic selling. While the near-term outlook remains range-bearish, he emphasized that a high-volume breakout above $3.30 would be necessary to re-establish an uptrend [1].

The $470 million XRP whale unwind is not an isolated event but part of the typical ebb and flow seen in crypto markets. Analysts continue to monitor price behavior and volume trends but stress that, without broader signs of a market-wide selloff, this move should not be considered a cause for alarm [1].

Source: [1] Why the $470 Million XRP Whale Unwind Is Not Cause for Panic: Analyst – (https://decrypt.co/336270/why-xrp-whale-unwind-not-cause-panic)