XRP Whales Tank: Is This Altcoin’s Rally Finally Done? 😅

by

In the long, weary march of numbers, XRP made a vain gesture toward ascent, yet could not break from its stubborn descending wedge. The price, like a patient peasant, lies in stagnation, while the great whales, having worn the coat of certainty, seem to grow faint of belief.

As XRP toils to catch its breath and regain its pace, the mood of investors thickens with doubt, a pall thrown over the market by the ceaseless fog of uncertainty.

XRP Holders Sell

XRP whales, those vast, cold-blooded reservoirs of capital, have been loosening their grip in recent days, adding to the chill upon the market. Addresses harboring from one hundred thousand to a million XRP have shed more than one hundred million tokens in a mere ten days, a sign-if one dares to observe signs at all-that the faith of great investors wavers like a fading flame.

The wound amounts to roughly $300 million, a sell-off that has driven whale holdings to their nadir in almost thirty-four months. A sharp withdrawal of supply from the titans indicates a growing reluctance about XRP’s near-term prospects-one might even say a new chill in a season that has already grown cold.

The waning accumulation speaks plainly: many such whales seek the shelter of smaller flames, awaiting further price corrections as the weather worsens.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here-because who doesn’t want a cavalry charge of market wisdom delivered with a dash of irony 😂📉

On-chain data confirms the crest of bearish currents. The Realized Profit/Loss Ratio has climbed to a two-month high, a signal that investors are selling into what little strength there is rather than buying into the unknown future.

This rise suggests traders are cashing in on modest upticks, anticipating only a modest horizon ahead-an outlook that sounds suspiciously like realism dressed in armor of doubt.

The upturn in this ratio also casts light on a stubborn, bearish sentiment. Profit-taking accelerates, and XRP’s market structure looks fragile as a bridge of glass. Unless fresh buying pressure arises soon, the ongoing selling could maintain the downward pull, postponing any grand recovery.

XRP Price Fails Breakout

As the sun of the day sank, XRP hovers around $2.94, striving to keep this floor from crumbling. The earlier breakout from the descending wedge died of disappointment, a theatrical collapse after a promising bow. The currency wore a mask of potential resilience, then discarded it when the wind changed.

Given these conditions, the crypto might retreat further. A continued slide could nudge the price toward $2.85 or lower if the gloom remains. Such moves tend to wake short-term traders into a chorus of selling.

Yet a bloom in the wider market could revive temperate optimism. If XRP dares to breach $3.12, a short-term ascent to $3.27 beckons. A confirmed breakout might kindle roughly a 19% rally, carrying the price to about $3.61 and scattering the bearish argument like chaff before the wind.

Read More

2025-10-05 01:02