Recent analysis by Maartunn, a prominent market analyst, highlights increased selling activity among large XRP holders. This is supported by data on whale flows.
Selling Activity Among XRP Whales
Maartunn shared a chart depicting whale flows, noting that 'XRP Whales are selling heavily.' The chart shows that negative flows, indicated by red bars, have significantly increased over the past few months, reflecting net selling from high-value wallets.
Cycles of Accumulation and Distribution
The chart covers data from 2022 through 2025, illustrating how whale behavior has changed over time. Periods of accumulation, marked by green bars, were often followed by upward price movements; however, recent data points toward sustained selling. In early 2025, XRP’s price spiked considerably, but this phase was quickly overtaken by a sharp and extended period of outflows.
Impact on XRP's Market
Large holders play a significant role in the XRP market given the concentration of supply among them. Heavy distribution raises concerns about the sustainability of recent price levels. When whales act in unison, their actions can influence other market participants, particularly retail investors.
The behavior of large XRP holders continues to be a critical factor in determining the price dynamics of this asset. Sustained selling may put pressure on price recovery unless new inflows occur from buyers outside of this group.
