Large XRP Holders Dump $830 Million as Technical Indicators Flash Warning Signs

XRP faces mounting downward pressure following significant whale activity. Large holders have offloaded over 370 million tokens in recent days, worth approximately $830 million at current prices. Technical indicators present a mixed outlook.

Ripple's native token suffered a sharp decline during the February 25 market crash. Its price plummeted to $2.07 before recovering slightly to $2.26, according to CoinMarketCap data. This represents a 13% decrease over the past week.

Prominent analyst Ali Martinez highlighted the substantial whale activity on social platform X. "Whales have sold more than 370 million XRP in the past 96 hours," Martinez noted. Such large-scale selling typically increases available supply on the open market. This can overwhelm buyer demand and trigger further price declines.

The sell-off may indicate waning confidence among large holders. Smaller investors often follow the lead of these major players, potentially exacerbating the downward trend.

Technical analysis provides additional bearish signals. Martinez pointed to the TD Sequential indicator, which now shows a sell signal on the two-week chart. This suggests an impending correction may develop in the short term.

Despite these concerning signals, some bullish factors remain. The Relative Strength Index (RSI) has been declining and approaches the 30 level, considered the bullish zone. Readings below this threshold typically indicate oversold conditions that could precede a price recovery. By contrast, RSI values above 70 generally signal overbought conditions.

The prospects for a spot XRP ETF in the United States offer longer-term optimism. Several prominent financial firms including Grayscale, Bitwise, and 21Shares have filed applications for such products. The SEC has acknowledged these submissions. According to Polymarket, the probability of approval before the end of 2025 stands at approximately 72%. Such investment vehicles would allow broader market participation without the complexities of direct cryptocurrency ownership, potentially driving significant price appreciation over time.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.