With the recent sell-off by large XRP holders, the price of XRP has noticeably dropped below a critical level.
Whales Activate XRP Sell-Off
Ripple whales started offloading the asset last week, selling 40 million XRP in a single day. According to popular crypto analyst Ali Martinez, this amounted to over $120 million at the time of sale.
Impact on XRP Price
Despite the selling pressure, the asset's price initially remained stable above the crucial support at $3, even reaching a peak at $3.19, marking its highest level in a month. However, the overall selling pressure and market correction in recent hours led to a drop below the $3 mark.
Future of XRP and Market Competition
The price decline may also be linked to recent developments concerning the XRP ETF, where the SEC continues to impose hurdles for issuers. This stands in contrast to analysts' expectations for XRP to rise towards its all-time high of $3.65 reached in July 2025.
The situation with XRP remains uncertain amidst heightened whale sell-offs and market fluctuations. The unfolding of regulatory events and price dynamics will be crucial factors for the asset.
