Recent data indicates that whale outflows for XRP have turned negative again. This trend parallels the situation in early 2024 before a significant price drop, raising concerns among investors.
Whale Outflows Return
Recent on-chain analytics show that large holders of XRP have resumed mass selling of their tokens. This trend mirrors what was observed in early 2024 when a spike in whale selling preceded a significant price correction.
Historical Patterns Repeat
The reappearance of this pattern raises red flags for XRP holders. When large wallets reduce their exposure, it often signals that a local top has been reached. This type of distribution pressure can cause panic selling among smaller holders, amplifying downward momentum.
Should XRP Holders Be Concerned?
While short-term corrections are common in crypto, repeated whale exits should not be ignored. For long-term holders, this might simply represent another phase in XRP’s price cycle. However, traders with shorter time horizons may want to exercise caution, as volatility could increase.
With cautious market sentiment surrounding XRP, all eyes are on whether the token can resist distribution pressure or if history will repeat itself with another correction.
