Ripple whales, significant holders of the XRP token, have sold over 40 million tokens amid market strength. This activity may lead to increased price volatility of XRP.
Immediate Effects
The sale of tokens by whales has impacted the liquidity and volatility of XRP. On-chain data shows significant transactions, indicating potential sell pressure if such activity continues.
Market Reactions
Retail investors are increasing long positions, which may amplify volatility if whales continue to exit. Historical patterns indicate significant peaks and corrections in XRP prices during distribution phases.
Potential Risks
As noted by on-chain analyst Maartunn, "XRP whales are in a heavy distribution phase, with negative whale flows on the XRP Ledger recently." Data suggests potential continued volatility and price level shifts.
Following whale activity in XRP, increased volatility and potential price corrections are expected, highlighting the importance of monitoring the current market situation.
