Ripple (XRP) Price: Whales Distribute 30 Million Tokens as Bears Push Through Support

TLDR

• XRP dropped 3.4% and broke below the $1.15 support level on heavy volume
• An early-week rally to $1.28 was rejected, and price is now trading near $1.17
• XRP ETF flows went silent Wednesday with zero inflows recorded
• Futures Open Interest fell from $2.79B to $2.66B, signaling reduced risk appetite
• Crypto analyst Ali Charts noted that over 30 million XRP were distributed by whales in the last five days

XRP is trading near $1.17 after falling 3.4% during Wednesday’s session. The token broke below the $1.15 support level on some of the day’s heaviest volume, reversing a short-lived recovery from earlier in the week.

An attempt to push higher earlier this week was stopped at $1.28. After that rejection, sellers returned and pushed XRP back through $1.15, a level traders had been watching closely since last week’s move above $1.20.

The sharpest selling hit around 15:00 UTC on Wednesday, when volume surged to 134.2 million XRP — roughly 170% above the daily average. Buyers did step in near $1.13, but the late-session bounce couldn’t reclaim $1.15 before the close.

Crypto analyst Ali Charts flagged a supply-side development during this move. According to Ali Charts, more than 30 million XRP were distributed by whales over the last five days. That kind of large-holder selling adds pressure to an already weak market structure.

ETF Flows and Derivatives Signal Caution

XRP spot ETFs recorded zero inflows on Wednesday, following $3 million on Monday and $5 million on Tuesday. The drop-off suggests institutional buyers are stepping back for now.

Futures Open Interest fell to $2.66 billion on Thursday, down from $2.79 billion the day before. That decline points to traders closing out positions rather than opening new ones.

The Fear & Greed Index sat at 15 on Thursday, deep in Extreme Fear territory, down from 22 the previous day.

The broader crypto market is also under pressure. The Federal Reserve’s stance on rates is weighing on sentiment, with the possibility of a rate hike in 2026 back on the table after Fed Chair Kevin Warsh’s recent press conference.

Key Levels to Watch

XRP is trading below its 50-day, 100-day, and 200-day EMAs, sitting at $1.27, $1.37, and $1.58 respectively. Price would need to clear all three to signal any kind of durable recovery.

On the downside, the Parabolic SAR sits at $1.08. A daily close below that level opens the door to the June lows near $1.05.

$1.15 is now the first level bulls need to reclaim. Resistance clusters between $1.17 and $1.25, where recent rallies have repeatedly stalled.

The broader chart continues to compress between $1.10 support and $1.25 resistance as the symmetrical triangle narrows toward its apex.

As of Thursday, XRP sits at $1.17 with momentum indicators showing easing but not reversing downside pressure.

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