Recent whale activity in the cryptocurrency market, including sales of XRP and Solana, occurs against a backdrop of new economic risks due to U.S. tariffs.
Intensity of Whale Activity
Whales have increased their offloading of XRP and Solana as the market faces pressure from newly imposed tariffs in the U.S. In the past week, Solana has seen significant price volatility, dropping below $160, while XRP struggles to maintain support above $2.92. It is suggested that pressure from whales selling their assets is slowing accumulation among retail traders. According to Cryptoquant data, whales remain inactive in the market, recording large sales volumes. Analyst ALI reported that over 710 million XRP were sold in the past 24 hours.
Future Price Prospects for XRP and Solana
The XRP price is undergoing a correction as market sentiment turns more bearish. XRP has broken the support at $3 and is trying hard to defend the next level at $2.9. Meanwhile, Solana continues to fluctuate within a support range, and while there are attempts to rebound, the drop in buying volume is hindering this. XRP is expected to test the $2.88 level by the end of the week, while Solana also may manage to surpass the $175 level.
Overall Market Overview
The cryptocurrency market is currently on a bullish track; however, there are several temporary pullbacks, which are typical in stock markets. The dynamics continue to be influenced by whale actions and economic factors, such as new tariffs. Given the current situation, it is likely that XRP and Solana prices will follow Bitcoin's movements as it may rise above current levels in the second half of 2025.
The situation in the cryptocurrency market remains tense, with whale actions exerting significant influence on prices. It is possible that XRP and Solana will be able to regain their positions if the market overcomes the current economic barriers.
