- Whales Dump 190M XRP: Major holders offload $215M worth of XRP, intensifying the sell-off.
- Bearish Pressure Peaks: XRP crashes 60% from $3.40 as exchange inflows jump 150% and RSI hits oversold levels.
- Utility Still Strong: Ripple’s ODL processes $30B in Q3 2025, offering long-term bullish fundamentals despite the turbulence.
In the volatile world of cryptocurrency, few events capture the market’s pulse like whale movements. On November ,2025, crypto charting expert Ali Martinez (@ali_charts) spotlighted a massive sell-off: over 190 million XRP tokens liquidated by large holders in just 48 hours. This deluge, equivalent to roughly $95 million at current prices, has amplified concerns as XRP’s price chart paints a grim picture of sustained downward pressure.
Elliott Wave Setup Reveals a Textbook Wave Correction
The accompanying visualization from Martinez reveals XRP’s trajectory from mid-August to now. Starting near $0.60, the token peaked modestly in late September before embarking on a steady decline, bottoming out around $0.50 by mid-November. The shaded volume bands underscore waning buying interest, with sell-offs dominating recent sessions. This isn’t isolated; on-chain data from platforms like Santiment corroborates the whale exodus, showing addresses holding 1 million+ XRP trimming positions aggressively.The timing couldn’t be more ironic. Just a week ago, on November , Canary Capital’s spot XRP ETF debuted on U.S. exchanges, amassing $58 million in assets under management on day one—a promising nod to institutional appetite. finance.yahoo.com Today, Bitwise’s own XRP ETF goes live, potentially injecting fresh liquidity into the ecosystem. tradingview.com Ripple’s native token was long overdue for such products, following Bitcoin and Ethereum’s ETF successes.
Fibonacci Confluence Strengthens the $1,016 Resistance Zone
Analysts like Zack Rector have outlined accelerated timelines for additional filings from Grayscale and others, hinting at a 2026 floodgate. thecryptobasic.com Yet, XRP’s price remains stubbornly range-bound, down 15% year-to-date, defying the hype.What drives this whale retreat? Optimists argue it’s strategic rebalancing—locking in gains post-SEC clarity and pivoting to higher-beta assets. Ripple’s On-Demand Liquidity (ODL) network continues expanding, processing billions in cross-border remittances monthly, bolstering XRP’s utility beyond speculation. Pessimists, however, see red flags: prolonged legal overhang from the Ripple-SEC saga, coupled with macroeconomic headwinds like elevated interest rates, could be eroding confidence.
Preferred Scenario: One Final Dip Toward $822
Community chatter on X echoes this divide, with some decrying the dump as a betrayal of the “XRP Army’s” long-held $1.50 dreams, while others eye it as a capitulation bottom.As more ETFs materialize—BlackRock rumors swirl for a 2025 entry—the question looms: Will this catalyze a breakout, or deepen the slide? tradingview.com Technicals suggest support at $0.48; a breach could target $0.40. For now, retail investors should tread lightly, diversifying into XRP’s payment prowess rather than chasing shadows. In crypto’s grand theater, whales don’t sell without a script— the real plot twist may be unfolding.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
