XRP Price Stalls Despite Bullish Fundamentals as Whales Continue to Sell

Data from CryptoQuant shows that major XRP holders have used the recent rallies to exit their positions at higher prices.

The price of Ripple’s native XRP token has struggled to recover despite record network activity and strong institutional interest. According to CoinGecko, the price has fallen 10.7% to $2.30 over the past week.

The drop came even after Ripple expanded its reach into the financial infrastructure space and traders on Binance moved to the token, indicating a growing gap between bullish fundamentals and near-term market behavior.

This contradiction has confused many investors: why does XRP keep falling when the news looks positive? Now, an analysis from CryptoQuant market technician CryptoOnchain on November 5 claims to have the answer, attributing XRP’s recent weakness to large holders shifting their money to exchanges, which he sees as a classic “sell the news” scheme.

Whale sales are accompanied by headwinds in the market

In a detailed report, CryptoOnchain broke down what he calls “the XRP paradox.” Their assessment found that from late 2024 through 2025, whale-to-exchange flows on the

According to the analyst, this consistent increase in whale deposits represents a classic bearish signal. They noted that the 100-day simple moving average (SMA) of these transfers also reached record highs around Ripple’s last capital injection, confirming that this was a planned distribution phase and not a panic selling, with the big investors using the rally to exit at higher prices.

“The funding announcement created the perfect exit liquidity,” CryptoOnchain wrote. “Whales used the retail hype to offload their pre-positioned offering.”

The selling pressure that followed was massive, overwhelming demand, pushing XRP down even as the broader ecosystem showed strong growth.

What added to the tension was the timing. The split coincided with Bitcoin’s sharp drop below $100,000 and Ethereum’s drop below $3,200 earlier this week, wiping out more than $1.7 billion in leveraged positions in a single day. XRP was not spared either; it broke below $2.40 and fell to $2.09 before stabilizing.

You might also like:

Strong fundamentals, but short-term pressure

Despite the bearish setup, CryptoOnchain’s research concluded that Ripple’s fundamentals are still strong. Recent acquisitions, including crypto custody company Palisade and a partnership with GTreasury, point to deeper integration with traditional finance.

Additionally, several companies, including Franklin Templeton and Bitwise, have updated their filings for a spot XRP ETF, with possible launches expected later this month.

“In the near term, the price of XRP will remain suppressed until whale selling pressure subsides,” the analyst said. “However, this event does not detract from Ripple’s strong long-term fundamentals, supported by the new capital injection.”

Technically, traders have identified $1.94 as a key support zone for XRP. EGRAG CRYPTO noted that the asset remains within an “accumulation range,” suggesting patient investors could benefit as the market stabilizes. But for now, whale activity and a shaky macroeconomic backdrop are keeping prices in check.

The token has fallen nearly 22% over the past month, underperforming the broader market’s 5% decline. Despite this, the stock continues to rise more than 330% year-on-year, with experts pointing out that this is evidence that the long-term momentum is still intact.