XRP surges to $3, but a $6 billion sell-off prompts concern among investors!
In the world of cryptocurrency, the activity of large investors, or whales, can significantly impact the market. Recently, the popular crypto analyst Ali Martinez has pointed out that these whale wallets are contributing to the selling pressure on XRP.
Over the past month, there has been an increase in the whale-to-exchange flow, a trend that coincided with XRP setting a new all-time high. However, this flow has been strongly negative, indicating a distribution phase. This means that large holders of XRP are moving their tokens out of their wallets and into exchanges, often to sell.
This reduction in holdings represents a sale of $6 billion worth of XRP by large players. The Exchange Reserve on Binance, one of the largest exchanges for XRP, has fallen from 3.009 billion on the 19th of July to 2.88 billion XRP, at press time, representing an outward flow of XRP from Binance.
The 30DMA of whale to exchange flow, a metric that can indicate investor sentiment and potential XRP price movements, has not begun to recede despite the recent price retracement. This could be a cause for concern as it suggests that whales are still selling their XRP holdings.
The 90-day whale flow moving average has also flipped sharply negative, a sign of distribution from whales. This indicates that the whale activity over the past month, which occurred as XRP set a new all-time high, was not an anomaly but a sustained trend.
Analysts caution that unless this trend reverses towards accumulation, XRP may face structural weakness or further downside in the near term, even though the long-term trend remains bullish. Retail investors remain optimistic, but on-chain data temper these expectations due to the influence of whale transactions on price dynamics.
In summary, CryptoQuant data reveals that XRP whales are increasingly offloading their tokens through exchange inflows, generating concern about a possible price correction or short-term bearish pressure on XRP. A continued drop in exchange reserves would be a welcome sight for XRP investors, as it would indicate a shift towards accumulation.
[1] CryptoQuant. (2025). XRP Whale Flows Turn Negative. Retrieved from https://cryptoquant.com/trend/btc/xrp-whale-flows
[2] CryptoQuant. (2025). XRP Exchange Reserves Fall. Retrieved from https://cryptoquant.com/trend/btc/xrp-exchange-reserves
[3] Martinez, A. (2025). XRP Whale Selling Pressure Intensifies. Retrieved from https://www.newsbtc.com/2025/08/01/xrp-whale-selling-pressure-intensifies/
[4] Cointelegraph. (2025). XRP Price Analysis: Bearish Whale Flows Suggest Short-Term Correction. Retrieved from https://cointelegraph.com/news/ripples-xrp-price-analysis-bearish-whale-flows-suggest-short-term-correction
[5] CryptoSlate. (2025). XRP Whale Activity Indicates Potential Short-Term Bearish Pressure. Retrieved from https://cryptoslate.com/xrp-whale-activity-indicates-potential-short-term-bearish-pressure/
- The increase in the whale-to-exchange flow suggests that large XRP holders are moving their tokens out of their wallets and potentially into exchanges for selling, contributing to the selling pressure on XRP.
- Over the past month, there has been a significant drop in the Exchange Reserve on Binance, one of the largest exchanges for XRP, from 3.009 billion to 2.88 billion XRP, indicating an outward flow of XRP from Binance.
- The 30DMA of whale to exchange flow has not begun to recede despite the recent price retracement, suggesting that whales are still selling their XRP holdings.
- The 90-day whale flow moving average has flipped sharply negative, a sign of distribution from whales, indicating that the whale activity over the past month, which occurred as XRP set a new all-time high, was not an anomaly but a sustained trend.
