XRP profit-taking gaps indicate more pain ahead for Ripple’s price

XRP is dropping by almost 10% every week.

Ripple’s XRP saw a modest rebound last week, but momentum was halted at $2.40, and the asset is now struggling below $2.30.

What is more worrying about its potential in the coming weeks is the behavior of whales and long-term investors, as the latter group of investors has shown a very different approach than in previous cycles.

Unlike previous profit realization waves that coincided with rallies, profit realization volume (7D-SMA) increased by ~240% since late September, when

This divergence underlines the division in weakness, not in strength.… https://t.co/PUURD4knVZ pic.twitter.com/jMWj3mF0Td

— glassnode (@glassnode) November 8, 2025

Glassnode has repeatedly indicated that XRP holders have historically made gains during rallies, such as the run to the new all-time high in July this year or the surge to $3.40 in January.

However, they have now changed their tune and sold off significant portions of their token holdings as the price of the asset has fallen markedly since late September.

This is consistent with other reports that whales are being sold en masse. The latest came yesterday, showing that 500,000 tokens had been unloaded in just 48 hours.

The timing now is quite intriguing and perhaps unexpected given developments on the ETF front. According to the latest news on this issue, numerous companies have updated their S-1 filings with the US SEC to remove “deferral amendments.”

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This change allows the ETF in question to be launched immediately after a period of 20 days, unless the Commission objects. The first product that has a chance is Canary Capital’s application, which could see the light of day as early as this week (November 13).

Consequently, the behavior of whales and long-term holders could be a classic ‘buy the rumor, sell the news’ approach, where they expect the price of XRP to fall after the ETFs finally launch.