Saad Ullah
⬤ XRP got hit with another wave of selling pressure these past 48 hours as major holders collectively dumped 190 million tokens. According to fresh on-chain tracking, wallet groups holding anywhere from 1 million to 10 million XRP slashed their balances pretty significantly—a move that fits right in with the downward slide we've been seeing on the charts. The data shows these addresses have been steadily selling off from August all the way through November.
⬤ The charts tell a pretty clear story: XRP's price has been sliding down during this whole stretch, and every time it tried to bounce back, it just couldn't flip the script on this bearish trend. The fact that whales just sold 190 million tokens in two days really drives home this distribution pattern. This steady drop in holdings shows that major wallets are playing it safe while XRP keeps trading in this weakening structure.
The reduction in large-holder supply, highlighted by the 190 million tokens sold in the last two days, reinforces the pattern of distribution among whales.
⬤ All through August, September, and October, XRP's price bounced around but kept trending downward, finally hitting fresh lows in November. When you overlay the whale holdings on top of that, you see the same thing—a broad decline in how much the 1 million to 10 million XRP crowd is holding. The way whale supply and price dropped together really shows just how much these big players influence short-term liquidity and market momentum.
⬤ What's worth paying attention to here is how the whale selling is speeding up. When major wallets keep bleeding tokens like this, it can make bearish sentiment worse and kill any chance of things stabilizing anytime soon. With top holders cutting their positions and price still dropping, this trend highlights just how shaky XRP's market situation is right now as traders try to figure out what's next.
Saad Ullah
