Large XRP Whales Sold $800 Million, Will Price Drop Again?

XRP price has faced sustained pressure over the past month, extending a broader downtrend that weighed heavily on investor sentiment. Losses accumulated as the asset slipped below key resistance zones, triggering concern among short-term holders. Despite this weakness, on-chain data suggests large holders, or whales, are actively redistributing supply. This internal reshuffling appears to be cushioning downside risk and laying groundwork for a potential recovery. XRP Whales Are At Work XRP whales holding between 100 million and 1 billion tokens led the recent sell-off. Over the past month, these addresses sold more than 400 million XRP, valued at $800 million at current prices. Such activity typically signals strong distribution pressure and often precedes deeper corrections. However, the market structure this time shows a different dynamic. The bulk of this selling was absorbed by smaller whales holding between 1 million and 100 million XRP. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Ethereum Whale Holding. Source: Santiment These investors are often considered “strong hands” due to longer holding periods and lower sensitivity to short-term volatility. Because the tokens stayed within large-cap wallets, broader market supply did not spike. As a result, bearish momentum remained limited despite the sizable sell-off. Key XRP Holders Are Doing Their Best Macro indicators support the view that long-term conviction remains intact. XRP’s Liveliness metric has declined sharply over the last several weeks. Liveliness tracks the movement of long-held coins, offering insight into whether long-term holders are distributing or holding. The indicator is now sitting at a three-month low. This decline suggests that long-term holders, or LTHs, continue to HODL rather than sell into weakness. Historically, falling Liveliness during downtrends reflects accumulation phases. As LTHs reduce selling pressure, price volatility...