XRP whales are transferring millions of tokens to exchanges despite ETF approval, creating relentless selling pressure. On-chain data shows support at $1.82-$1.87, but alicharts warns the next meaningful support sits at $0.79 if current levels fail to hold.
The much-anticipated XRP ETF approval has failed to ignite a bullish rally. Instead, on-chain data reveals that large holders are actively transferring massive amounts of tokens to exchanges, creating relentless selling pressure that threatens to push prices significantly lower.
Recent analysis from CryptoQuant shows a troubling pattern. The majority of XRP flowing into Binance originates from wallets holding between 100,000 and one million tokens, plus those with over one million tokens. These volumes do not represent retail investors making small trades.
According to CryptoQuant on X, "The majority of inflows are coming from the 100K-1M XRP and 1M+ XRP bands. These volumes do not belong to retail investors; they indicate that whales are actively transferring XRP to Binance." The analysis was conducted by PelinayPA, a contributor to the on-chain analytics platform.
Large transfers to exchanges typically signal preparation for selling. The Binance Inflow-Value Band chart reveals recurring spikes from these whale-sized wallets. Each major inflow spike corresponds with price forming lower highs and lower lows, demonstrating that supply overwhelms demand.
Whales Sold ETF Narrative to Retail
The theory behind XRP ETF launches suggested institutional demand would drive spot buying and push prices higher. Reality painted a different picture.
Whales accumulated tokens ahead of the ETF approval, anticipating a speculative rally. Once approval arrived, these large holders transferred their holdings to exchanges and used them as sell-side liquidity. In essence, whales sold the ETF approval story to retail investors.
As a result, XRP faces selling pressure every time it approaches the $1.95 level. There is no strong new spot buyer entering the market to absorb the continuous increase in available supply. Despite ETF products crossing $1 billion in assets under management without recording any net outflows, the whale-driven supply continues pushing prices lower.
The disconnect between positive ETF news and actual price action underscores a broader market truth. Structural flows and on-chain behavior often outweigh headline-driven optimism. Until whale inflows slow or reverse, price remains vulnerable to further corrections.
Price Could Drop to $1.50 Range
The first major support zone stands at $1.82 to $1.87. This area marks where price previously attempted to stabilize and where smaller buyers appeared briefly. Price stabilized near this range in early December before subsequent whale inflows forced another leg down.
If large inflows continue at current intensity, XRP may retreat further toward the $1.50 to $1.66 range. As alicharts noted on X, "Below $1.77, the next meaningful area of support for $XRP is $0.79." This suggests limited support structures exist between current levels and much deeper prices.
The chart does not indicate rally preparation. Every attempt by XRP to reclaim the $1.95 zone has been rejected by renewed whale-led inflows to exchanges. Based on inflow intensity and price reactions, expecting a bullish move before exchange inflows decline would be unrealistic.
Whales are not dumping aggressively in single events. The steady drip of supply has been sufficient to keep prices sliding. Without new influx of spot buyers, the market struggles to absorb this ongoing activity. Price continues posting lower highs and lower lows despite strong ETF inflows.
ETF demand alone cannot reverse a market where large holders continually increase their active supply. A bullish reversal requires two conditions: sustained decrease in tokens flowing to exchanges and a strong new catalyst to boost demand significantly.
The timing mismatch favors whales in the short term. Their selling actions dictate current price movement, overshadowing hopeful narratives about institutional adoption. Until on-chain data shows decline in large inflows, odds of sustained rally remain limited.
Key Takeaways:
- Whale wallets holding 100K+ XRP tokens are actively transferring to Binance, creating persistent selling pressure.
- Primary support zone stands at $1.82-$1.87, with potential decline to $1.50-$1.66 if whale selling continues.
- ETF approval failed to generate new spot buying demand strong enough to absorb whale-driven supply increases.
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XRP Whales Dump Tokens Despite ETF Win
XRP whales transfer millions to exchanges despite ETF approval. On-chain data shows selling pressure overwhelming demand with support at $1.82-$1.87.