Saad Ullah
⬤ Here's what's happening with Ripple's XRP right now – it's getting hammered by some serious whale action. Large holders just offloaded more than $480 million worth of XRP in a two-day window, which is one of the biggest distribution events we've seen this month. Santiment's chart shows XRP sliding toward the $1.95 mark during this exact same timeframe, and it's no coincidence.
⬤ The data reveals a pretty telling shift among whales holding between 10 million and 100 million XRP. Earlier in November, these addresses were steadily stacking tokens – you can see it in the yellow line on the chart. But that trend completely reversed alongside the recent price drop. They went from buying mode to selling mode right as that $480 million got dumped, which shows you just how much whale behavior drives price action here.
⬤ XRP's been sliding all week, giving back most of its mid-month gains and breaking through some important short-term support levels. The chart's green line tells the story – it's a steady downward slope that screams weakening demand. These big holders clearly decided to reduce their exposure during this downturn, and that's piling even more pressure on what was already a shaky market setup.
⬤ Why does this matter? When you see concentrated selling at this scale, it moves the needle fast – especially for assets like XRP where whale wallets control a huge chunk of the supply. If these high-value holders keep reducing their positions and the broader crypto market doesn't step in with fresh buying support, we could be looking at continued weakness heading into the next few sessions.
Saad Ullah
