Whales Dump XRP Despite $1B ETF Success

The approval of the XRP ETF does not halt the whale selling pressure with Binance inflows increasing. Price is in the zone of $1.50 with institutional disconnect of demand.

XRP fails to trade above $2 even after record ETF performance. On X, CryptoQuant indicates that exchange inflows are dominated by whales. The institutional disconnection between demand and market behaviour is worrying.  

On-chain data indicate a wallet containing 100,000-1 million XRP makes up a majority of Binance deposits. Depending on the information published by CryptoQuant, these volumes suggest active whale transfers. The current inflow trends do not involve retail investors.  

Source :CryptoQuant

Large Holders Control Market Flow

Massive wallet exchange deposits cause a sustained sell-side pressure during the month of December. Price rejections are associated with every spike of whale activity. XRP develops low lows and low highs.  

The selling approach seems to be disciplined but not aggressive. Supply outstrips demand with new buyers still on the fringes. Supply rises continually, driving prices down even when whales are mediocre.  

ETF Narrative Becomes Exit Opportunity

Whales hoarded tokens prior to ETF approval, and then sold into the narrative of the rally. Institutional products are unable to neutralize this supply pocket according to the analysis disseminated by CryptoQuant on X. At 1.95, the price is met with resistance several times.  

Within a month of its launch, XRP ETFs surpassed 1.2 billion net assets. Zero outflow days are evidence of institutional confidence. Nevertheless, ETFs demand is not sufficient to absorb increases in supply caused by whales.  

As noted by Cryptoquant on X, whales tactically employed ETF expectations. The initial buildup was converted into liquidity in exchanges. The approval narrative turned into a selling point with large holders.  

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Critical Support Zones develop.  

The main support is in the range of  $1.82 to  $1.87, and the price stabilized a bit. These levels were seen before by small buyers. Additional massive inflows jeopardize more profound corrections.  

Secondary support is between $1.50 and $1.66 in the event of whales selling. According to historical trends, the risks of breakdowns are high. Rally expectations seem not to be realistic until inflows through the exchange begin to fall.  

XRP trades at $1.93 currently, with slight gains. The cautiousness is justified in terms of market structure. The near-term price direction will be dictated by whale behavior. 

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