470M XRP Dumped by Whales – Is This the Calm Before a Big Move?
Whales have offloaded 470 million XRP in just ten days, pushing the price to $2.89 and increasing selling pressure. But amid the sell-off, the same players are buying the dip—revealing a deeper game at play. Here’s what’s next for Ripple’s price.
Whale War: Sell High, Buy Low
The XRP market is in the grip of a whale-driven shakeout. Over the past ten days, large holders—wallets holding 10M to 100M XRP—have sold off 470 million tokens, according to on-chain analyst Ali Martinez. This wave of distribution has coincided with a 11% weekly drop, driving XRP down to $2.89.
The selling has been most visible on exchanges. Data from CryptoQuant shows a surge in XRP inflows to Binance, with transfers exceeding 100 million XRP at a time. At press time, another 11.8 million XRP flowed into Binance, signaling continued short-term bearish pressure.
But here’s the twist: these same whales are also buying heavily during pullbacks.
Martinez revealed that during the last major dip, whales accumulated over $360 million worth of XRP—and just weeks earlier, they scooped up 320 million XRP (nearly $1 billion) in just three days.
This isn’t panic. It’s strategy.
Market Structure: Breaking Down, But Not Broken
XRP has lost momentum, falling below key technical levels:
- $3.00 psychological support
- 50-day moving average
- July rally structure
With 24-hour volume at $6.74 billion, the sell-off is backed by real volume—not just noise. Analysts now warn that if selling continues, XRP could test $2.70–$2.50, especially if Federal Reserve Chair Jerome Powell delivers a hawkish tone at Jackson Hole.
However, the broader narrative remains intact:
- Ripple’s SEC legal battle is settled
- The Trump administration’s pro-crypto stance has boosted regulatory clarity
- RippleNet adoption continues across global payment corridors
This isn’t a fundamentals story collapsing—it’s a profit cycle playing out.
Whales Are Playing Both Sides
The data reveals a classic whale playbook:
- Buy aggressively during fear-driven dips
- Sell into strength and euphoria
- Repeat
With over 93% of XRP supply still in profit, the market is sitting on a massive unrealized gain. Whales are now harvesting those gains while positioning for the next leg.
Analyst Galaxy noted that XRP has been in a five-year accumulation phase against Bitcoin—a sign of long-term demand. When this cycle ends, the move could be explosive.
What’s Next for XRP?
- Bear case: Continued exchange inflows → break below $2.70 → test $2.50
- Bull case: Selling exhaustion + Powell dovishness → rebound to $3.20+
The key will be exchange outflows. When large wallets start moving XRP off exchanges, it will signal that accumulation is resuming—and the next rally may be near.
For now, volatility is the name of the game. But as always, whales aren’t reacting to price—they’re making it.
