Whales Sell 140 Million XRP – Is This the Calm Before the Storm?

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So, Ripple’s XRP is doing that thing where it flirts with the $2.62 mark (up from a meager $2.34 last week, mind you) – talk about a dramatic comeback. But don’t get too excited just yet. It’s up by 8% over the past week, but in the last 24 hours? Yeah, not much going on, according to CoinGecko. Classic, right? 😏

Now, here’s where it gets juicy – whispers in the market are suggesting that those big fish, the so-called ‘whales’, might be pulling back after the latest XRP price spike. Oh, the plot thickens… 🦈

Large Holders Reduce Exposure

Apparently, wallets holding between 1 million and 10 million XRP have casually offloaded over 140 million tokens. You know, just a typical Tuesday when prices start climbing. Makes you wonder if they know something we don’t. Suspicious much? 🤔

Analyst Ali Martinez was kind enough to point this out (as if we weren’t already losing sleep over it). He flagged a steady drop in the balance of these large wallets as XRP rose, hinting at something fishy – possibly a price reversal coming our way. Oh, joy. Here’s what he had to say:

$XRP is up 13% in the past few days, but whales seem to be taking profits, offloading over 140 million tokens!

– Ali (@ali_charts) October 28, 2025

But wait, there’s more! The TD Sequential indicator has also flashed a ‘sell’ signal on XRP’s daily chart. I know, this doesn’t necessarily mean a reversal, but it has historically been a pretty reliable warning for all those bulls out there. 👀

XRP Near Resistance, Momentum Weakens

XRP is currently hanging out near the upper Bollinger Band at $2.69, like that one person at a party who stands too close to the snacks but doesn’t actually grab anything. The price has moved off the lower band earlier this month and is approaching a spot where past moves have either paused or, well, reversed. Just saying. 🥴

Meanwhile, the Stochastic RSI is showing signs of overbought territory, with both %K and %D above 94 – a bearish crossover is brewing. Could it be the beginning of the end? Only time will tell, but let’s just say it’s worth keeping an eye on. 🧐

Key Levels Still in Play

Analyst ‘Man of Bitcoin‘ has highlighted $2.53 as a key level to watch. If XRP falls below that, we could be looking at a much larger correction. Oh, and let’s not forget that XRP is still doing a little jig in a possible Wave 4 structure. So, unless $2.82 is cleared, we might have one more dip before the grand breakout. Or not. 🤷‍♀️

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2025-10-29 13:57