Ripple (XRP) Tumbles as Major Holders Offload 30M Tokens Amid Market Weakness

Key Takeaways

• Ripple’s XRP declined 3.4%, breaching the critical $1.15 price floor amid elevated trading volumes
• A mid-week surge toward $1.28 faced strong resistance, sending prices back to current levels around $1.17
• Wednesday saw zero capital flowing into XRP exchange-traded funds
• Open Interest in XRP futures contracts dropped from $2.79 billion to $2.66 billion, indicating waning trader confidence
• Market analyst Ali Charts reported that major holders liquidated more than 30 million XRP tokens over a five-day period

Ripple’s XRP token is currently hovering around $1.17 following a 3.4% decline during Wednesday’s trading hours. The cryptocurrency pierced through the $1.15 price floor on exceptionally high trading volumes, erasing gains from an earlier weekly rebound attempt.

Bullish momentum earlier in the week failed to sustain past $1.28, where aggressive selling emerged. Following this rejection, bearish forces dominated, driving the asset back beneath $1.15—a critical threshold that market participants have monitored closely since prices climbed above $1.20 in recent sessions.

The most intense selling wave materialized around 15:00 UTC on Wednesday, with transaction volumes exploding to 134.2 million XRP tokens—representing approximately 170% above typical daily averages. While demand materialized near the $1.13 mark, the subsequent recovery attempt failed to secure a close above $1.15.

Market analyst Ali Charts highlighted significant distribution activity accompanying this price movement. According to the analyst’s observations, large wallet holders offloaded upwards of 30 million XRP tokens across the past five trading days. Such substantial selling from major holders compounds existing downward pressure in an already fragile market environment.

Institutional Interest and Derivatives Markets Show Weakness

Wednesday marked a complete absence of inflows into XRP spot exchange-traded funds, contrasting sharply with Monday’s $3 million and Tuesday’s $5 million entries. This sudden halt indicates institutional investors are adopting a wait-and-see approach.

Open Interest across XRP futures markets contracted to $2.66 billion by Thursday, retreating from Wednesday’s $2.79 billion level. This reduction signals that market participants are unwinding existing positions rather than establishing new speculative bets.

The Fear & Greed Index registered at 15 on Thursday, firmly planted in Extreme Fear territory and down from 22 the preceding day.

Broader cryptocurrency market sentiment remains subdued as the Federal Reserve’s monetary policy stance continues generating uncertainty. Following Fed Chair Kevin Warsh’s recent public statements, market participants are now pricing in the possibility of interest rate increases extending into 2026.

Critical Price Levels Under Scrutiny

XRP currently trades beneath its 50-day, 100-day, and 200-day exponential moving averages, positioned at $1.27, $1.37, and $1.58 respectively. Breaking decisively above all three would be necessary to establish a credible recovery trajectory.

On the bearish side, the Parabolic SAR indicator currently sits at $1.08. A daily candle closing beneath this level would expose June’s lows near $1.05 to renewed testing.

Reclaiming $1.15 represents the immediate challenge for bulls. Overhead resistance concentrates in the $1.17 to $1.25 zone, where multiple recent upswings have encountered strong selling.

The wider technical picture shows continued consolidation between $1.10 support and $1.25 resistance as a symmetrical triangle pattern approaches its convergence point.

As of Thursday’s trading, XRP remains anchored at $1.17 with momentum indicators suggesting bearish pressure is moderating but not yet reversing.

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