Massive Transfer of 480 Million XRP in Two Weeks Sparks Potential Downward Trend
In the world of cryptocurrency, Ripple's XRP is experiencing a period of volatility, driven by a series of events that have left market participants more cautious.
Previously, XRP reached a peak of $3.09, but recent developments have seen the asset trading at $2.98, representing a 2.95% decrease in the last 24 hours. This decline can be attributed to a large sell-off by XRP whales, who hold significant amounts of the asset.
The whales' selling activity suggests that large holders are not anticipating a spike soon, and this has sparked concerns in the XRP community as their activity might impact the price outlook in the short term. In the last 14 days, these whales sold off 160 million XRP, worth $480 million. A large sell-off by whales generally signals a loss of confidence in the future price performance of an asset.
The decline in active addresses on the XRP Ledger further supports this narrative, as the drop suggests that users are losing confidence in a possible rebound. In fact, the number of active accounts on the XRP Ledger has fallen by nearly 50%.
The rally of XRP has slowed down, according to technical indicators, and XRP failed to hold above the upper band near $3.14, confirming a decline. The current price volatility of XRP is consistent with the Bollinger Bands signal, a popular technical analysis tool.
However, it's worth noting that Ripple's XRP Holdings have surged since March, following a statement from Brad Garlinghouse, the current CEO of Ripple. His influence continues to impact XRP's price development in 2025, with no indication of a new CEO replacing him as of the latest information from 2025.
Despite the current bearish sentiment, some positive signs are emerging. XRP has gained over 4% in the last seven days, pushing the price above the $3 mark. However, the asset might stay in consolidation mode for a while due to the whale activity and the loss of transactional demand.
As of press time, the coin is changing hands, and the future price trajectory remains uncertain. However, the XRP community remains hopeful, keeping a close eye on market developments and Ripple's strategic moves.
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