XRP Whales Trigger Chaos, Big Comeback Ahead?

Ripple’s native token, XRP, has once again become the centre of crypto market attention. Following a sudden crash below $2.5, the token’s price action has raised eyebrows among traders and analysts alike. 

Whale movements, technical pressure, and retail panic have all played a part in the recent volatility. But the bigger question remains—could XRP be preparing for a strong rebound in the weeks ahead?

Whale Activity and the XRP Sell-Off

Since the beginning of October, on-chain data has revealed unusual behaviour among XRP’s largest holders. According to CryptoQuant, there has been a significant increase in whale deposits to Binance, signalling a wave of selling activity. 

On October 11th alone, Whale-to-Exchange transactions surged to over 43,000, marking the highest level in months.

This pattern is typically associated with profit-taking or risk reduction among large investors. When whales transfer tokens to centralised exchanges, it often precedes major sell-offs—and XRP’s price has followed suit. 

As these transfers accelerated, XRP dropped sharply from highs near $3.00 to around $2.30, a move that aligns closely with the timing of heavy whale inflows.

Whales Were Not Acting Alone

Smaller holders also contributed to the selling pressure, as data indicated a steady rise in 1,000-XRP transactions. These mid-sized deposits, often driven by retail traders or smaller funds, suggest a broader shift in sentiment. 

When both large and small investors begin exiting positions simultaneously, it tends to create intense downward pressure—exactly what we’ve seen in XRP’s recent trading activity.

The situation reflects a complex phase for Ripple’s ecosystem. Despite progress on the technological and institutional fronts, the token remains highly sensitive to speculative movements. 

The whale-driven sell-off has temporarily shaken confidence, but markets are already showing early signs that accumulation may be resuming near the current range.

Read Also: XRP $2 Billion Inflow: What Whales Are Doing

Technical Outlook: Is a Reversal on the Horizon?

At the time of writing, XRP trades around $2.45 after briefly recovering from a sharp dip below $2.40. The token has struggled to maintain momentum above its short-term resistance at $2.59, while $2.71—previously a key support—has now flipped into a strong resistance level.

Technical indicators present a mixed picture. The Relative Strength Index (RSI) hovers around 41, suggesting the asset is nearing oversold territory. The Moving Average Convergence Divergence (MACD) indicator, though still bearish, shows early signs of convergence that could hint at a possible momentum shift in the coming sessions.

A sustained move above $2.59 could trigger a short-term recovery, potentially allowing XRP to retest $2.85 or even the $3.00 level. On the downside, failure to hold above $2.40 would expose the token to deeper losses, with support seen around $1.80 and $1.62.

On-chain analysis

Data shows renewed accumulation from whales near the $2.40 mark, implying that larger players might be positioning for a potential rebound. This is often viewed as a bullish signal, as smart money tends to re-enter the market during phases of widespread fear.

For investors keeping an eye on XRP’s trajectory, this consolidation phase could prove crucial. The next few weeks will reveal whether the accumulation translates into a genuine technical breakout or if the token continues to drift under selling pressure.

Read Also: The $3 Million XRP Theft: Here is the Story

Market Sentiment and the Path Forward

Market sentiment around XRP remains divided. Some analysts argue that the recent sell-off is a healthy correction after an extended rally, allowing the market to reset before another upward move. Others see it as a sign of exhaustion amid uncertain regulatory and macroeconomic conditions.

Ripple’s ongoing efforts to expand its ecosystem may provide a supportive backdrop. The company continues to enhance its cross-border payment solutions, and its engagement with institutional partners remains strong. While these developments do not always translate directly into price movement, they help reinforce long-term confidence in XRP’s utility.

From a behavioural perspective, whale accumulation following a sell-off often signals the early stages of a comeback. If buying pressure intensifies near $2.40 and liquidity improves, the token could regain momentum above short-term resistance zones.

Yet, caution remains warranted. Market volatility is far from over, and traders should remain attentive to key support levels and on-chain signals. Whether XRP can reclaim the $2.60–$2.85 range will largely determine the tone for its next major move.

If you are looking to monitor XRP’s price action and trade efficiently, platforms like Bitrue.com offer access to real-time XRP/USDT markets. Join today to stay updated with the latest trends and potential entry points.

Read Also: XRP Price Prediction: Can Ripple Break $2.60 as ETF Hype & Monad Momentum Rise?

Conclusion

XRP’s recent turbulence highlights the influence of whale activity on price behaviour. Heavy deposits to exchanges triggered panic selling, dragging the token below $2.5. However, the emerging signs of accumulation near $2.40 suggest that larger investors may already be positioning for a rebound.

If momentum builds and XRP reclaims $2.60, the door could open for a test of the $2.85–$3.00 zone. Until then, caution and patience remain key. For traders tracking these developments, Bitrue.com provides a reliable way to analyse XRP’s movement and prepare for potential opportunities.

FAQ

What caused the recent drop in XRP’s price?

The decline was mainly triggered by large whale transfers to exchanges, indicating profit-taking and panic selling.

Are whales still selling XRP?

Current data suggests some whales have shifted to accumulation near $2.40, which may signal renewed buying interest.

Is XRP considered oversold now?

The RSI shows XRP is approaching oversold levels, meaning a short-term rebound could be possible.

What are the key support and resistance levels for XRP?

Major support sits around $2.40 and $1.80, while resistance lies near $2.60 and $2.85.

Could XRP recover above $3 soon?

If buying momentum continues and whales maintain accumulation, XRP could retest the $3 level in the near term.