XRP News Today: XRP Whales Cash Out as ETF Hopes Spark Sell-Off

Veteran trader Peter Brandt has identified XRP as a prime shorting candidate, citing a bearish descending triangle pattern on the token's daily chart. According to Brandt, a breakdown below the key support level of $2.68 could trigger a sharp decline toward $2.20, marking one of the most compelling short setups in the current crypto market XRP Price Prediction: Peter Brandt Calls Ripple Token a “Top Short Candidate”^[1]. The pattern, characterized by a descending upper trendline and horizontal support near $2.68, reflects persistent selling pressure despite temporary rebounds Peter Brandt Flags XRP as Top Short Candidate Amid Price Weakness^[2]. Brandt emphasized that his bearish call is conditional, hinging on the price closing below the critical support level Peter Brandt Lists XRP Among Shorts Amid Crypto^[3].

On-chain data reinforces the bearish outlook, with whale activity intensifying. Over the past month, large holders have offloaded approximately 440 million XRP tokens, amounting to $50 million in daily outflows on a 30-day moving average Peter Brandt Predicts Possible 20% XRP Drop if^[4]. This distribution, observed across multiple platforms including CryptoQuant and Santiment, signals weakening investor confidence and increased downward momentum Legendary trader predicts fresh XRP crash - TheStreet^[5]. Analysts attribute the selling to regulatory uncertainty in the U.S. and a shift in capital toward other crypto assets like BNB and Bitcoin XRP Price on Edge as $50 Million Daily Whale Selling Threatens ETF Optimism^[6].

XRP's market position has also weakened. The token, which briefly reached a peak of $3.66 in July 2025, has since formed a series of lower highs, eroding bullish strength. Its market capitalization now stands at $167 billion, ranking fifth overall after being overtaken by BNB XRP Price Prediction: Peter Brandt Calls Ripple Token a “Top Short Candidate”^[1]. Despite a 34% gain in 2024, XRP's performance lags behind its 2023 rally of 238%, further compounding bearish sentiment Peter Brandt Flags XRP as Top Short Candidate Amid Price Weakness^[2].

Speculation surrounding a potential XRP ETF has provided limited optimism. While regulatory clarity post-Ripple vs. SEC litigation has improved the token's prospects, on-chain data suggests whales may use any ETF-related positive news as an exit point, potentially triggering a "sell-the-news" pullback Legendary trader predicts fresh XRP crash - TheStreet^[5]. Polymarket odds currently assign a 99% probability of XRP ETF approval in 2025, though immediate regulatory hurdles remain Peter Brandt Predicts Possible 20% XRP Drop if^[4].

Traders are closely monitoring the $2.68 support level, with a decisive move below it likely to confirm Brandt's bearish scenario. If XRP holds above this threshold, bulls could regain control, but a breakdown could accelerate a correction toward $2.20, testing the token's resilience in the coming weeks Peter Brandt Lists XRP Among Shorts Amid Crypto^[3]. The interplay of technical patterns, whale distribution, and regulatory dynamics will remain pivotal in shaping XRP's near-term trajectory.