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XRP Defies Whale Sell-Off with a Rally to $3.10

XRP Defies Whale Sell-Off with a Rally to $3.10

TheCryptoUpdates2025/09/12 09:18
By: Jack
XRP+0.43%RLY0.00%

You’d normally expect that when the biggest players in crypto decide to move, the whole market feels it. These so-called ‘whales’ can send prices tumbling with a single large sell order. But sometimes, the market just doesn’t react the way you’d think.

Take the last 24 hours, for example. According to data shared by analyst Ali, large XRP holders sold off around 40 million tokens. That’s over $120 million worth, just gone from their wallets. Not exactly small change.

The Sell-Off That Didn’t Sink the Ship

You’d think that kind of movement would put serious downward pressure on the price. And honestly, it probably should have. But XRP didn’t really seem to notice. Instead of dipping below the $3 mark—a level it just recently managed to climb back to—the asset actually pushed higher.

It climbed to nearly $3.10 at one point, which is its highest price since late August. As of now, it’s hovering around $3.05. That’s a small daily gain of about 1.5%, and a more solid weekly increase of almost 9%. The market cap is sitting above $180 billion, which is nothing to scoff at.

Maybe the sell-off wasn’t large enough to really sway things. Or perhaps buying interest from smaller investors was just strong enough to absorb the shock. It’s hard to say for sure.

Mixed Signals and Contradictions

Even with the positive price action, it’s not all smooth sailing. Analysts are pretty optimistic, with some predicting a run toward $4 or even $5 in the near future. That would definitely set a new record.

But then there’s the regulatory side of things. The SEC delayed another decision on a potential spot XRP ETF earlier this week. That’s not great news for anyone hoping for easier institutional access. It feels like every time there’s momentum, something comes along to complicate the picture.

So where does that leave us? The price is up even after significant selling, which is confusing but also kind of encouraging. It suggests there might be underlying strength that isn’t immediately obvious.

Then again, regulatory uncertainty has a way of hanging over everything. For now, XRP seems to be brushing it off. But you never know how long that can last.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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