Will the price of Ripple continue to fall? 900,000 XRP sold by whales in 5 days

Will the price of Ripple continue to fall? 900,000 XRP sold by whales in 5 days

XRP drops 13% in a week as whales sell 900,000 tokens. On-chain data shows that exchange flows have declined, but volatility remains high.

The price of XRP has fallen sharply over the past week after major token holders sold hundreds of thousands of coins. The recent decline is related to increased whale portfolio sales activity and shifts in broader market behavior.

At the time of writing, XRP is trading at $2.26. The 24-hour trading volume is $6.42 billion. The token has lost 13% in the last seven days and is down 6% in the last 24 hours.

Whales reduce exposure as the price falls

According to analyst Ali Martinez, whale addresses with between 100 million and 1 billion XRP have recently reduced their holdings.

This activity occurred during a period of sharp price decline for XRP. Charts show that assets fell from above $3.00 to $2.40 during this period. Similar behavior was observed in the weeks leading up to the drop, as evidenced by reports from CryptoPotato.

Furthermore, data from CryptoQuant shows that transfers of XRP from major wallets to exchanges have declined since late October. Notable peaks in activity were recorded on October 10, 16 and 25. After those dates, flows decreased and remained low.

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Source: CryptoQuant

The 30-day average of these transfers is also trending downward, indicating reduced pressure on the sell side. Although the price of

Technical setup shows volatility

Crypto analyst CryptoWZRD reported that both XRP/USD and XRP/BTC recently closed bearish, following an increase in Bitcoin dominance. “XRP and XRPBTC both retested their support area,” the analyst said, noting that the prospects depend on how Bitcoin dominance develops in the future.

Furthermore, the intraday chart showed strong volatility, with the price bouncing within a narrow range.

Another analyst, CW, noted that XRP is currently supported by a buy wall, but warned:

“Two sales walls exist up to $2.57.”

As previously reported, the current pattern could be part of a broader five-wave move, with the final leg potentially targeting the $2.00 zone.

Beyond price movements, Ripple has announced the launch of a prime brokerage service for digital assets in the US. The platform allows institutional clients to conduct over-the-counter spot trades on a range of digital assets, including XRP and the RLUSD stablecoin.

Additionally, Ripple recently acquired Palisade, expanding its custody services beyond banks to include fintechs, corporations, and crypto-native companies.

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