XRP Price Pressure Grows After $2.6 Billion Sell-Off by Major Holders

Overview

• Over $2.6 billion worth of XRP was sold by major holders, triggering a sharp drop in XRP price.

• Large wallet transfers to exchanges signal rising selling pressure on Ripple’s XRP.

• Market analysts see key support near $2.10 and resistance around $2.56 for XRP.

The ecosystem around XRP is facing amplified stress after major holders reportedly moved and sold large volumes of XRP, placing the token under fresh downward pressure. On-chain data show that wallets holding over one billion XRP have offloaded more than 1.09 billion tokens in recent trading sessions. This scale of distribution rarely goes unnoticed and has become a focal point in current crypto news. As a result, the XRP price has come under heightened scrutiny.

The impact of such distribution is amplified because when large holders route tokens to exchange addresses, markets frequently interpret that as a precursor to selling into spot liquidity. Falling into that category, the recent activity has weighed on sentiment around XRP.

Technical Weakness and Derivatives Dynamics

In parallel with the heavy wallet flows, technical indicators and derivatives behaviour are signalling caution. The latest analysis shows that the XRP price is trading around $2.41, bouncing from an earlier low near $2.09, while resistance remains around $2.56. If the token fails to clear that level, analysts warn that the next meaningful support sits near $1.80.

Derivative markets add to the weak momentum. Open interest has dropped, and trading volumes have pulled back significantly, indicating less speculative fervour behind the move. Those conditions often align with consolidations or pullbacks rather than sustained rallies.

Moreover, exchange flow data reveal that inflows remain modest but consistent, implying that while broad panic isn’t dominating, incremental selling pressure is persistent. For the XRP price to rebound meaningfully, it requires both buy-side conviction and reduced token availability for sale.

Also Read: Will Ripple’s $1 Billion Crypto Treasury Raise XRP Price?

Broader Market and Macro Context

Beyond XRP-specific mechanics, broader macro factors are adding headwinds. Risk-off sentiment in global markets, firmer US dollar strength, and rising interest rates have collectively diminished appetite for speculative crypto assets. Within that environment, the token’s link to Ripple Labs and its institutional narratives offers both upside potential and increased scrutiny, especially when insider or large-holder token movements occur.

In recent weeks, significant token transfers from founding/early stakeholder wallets have garnered attention. For example, the co-founder of Ripple conducted a sizeable off-loading of XRP, which markets interpreted as a possible sign of liquidity harvesting rather than long-term holding. These actions tend to generate caution in broader investor sentiment and affect the XRP price.

Supply Dynamics and Exchange Balances

One of the key metrics being watched by analysts is the quantity of XRP held on exchange addresses versus off-exchange (self-custody or institutional vaults). Historically, reductions in exchange-held supply have been construed as bullish, since fewer tokens are immediately available for sale. However, when large wallets are funneling tokens toward exchanges, that dynamic reverses.

Data show that the cumulative outflows by large holders have been sizeable. In the context of the $2.6 billion move, the implication is that previously dormant or locked-up supply is now becoming part of market liquidity. Unless absorbed by buyers, that can put significant downward pressure on the XRP price.

Implications for the Short-Term and Medium-Term XRP Price Prediction

In the short term, this combination of large-holder distribution, weak derivatives flows, and uncertain macro climate suggests heightened downside risk for XRP. Key support levels must hold if momentum is to shift. A failure to defend around $2.10–$2.20 could trigger further declines.

On the medium-term horizon, the picture remains mixed. On the one hand, institutional narratives offer potential demand tailwinds. On the other hand, the structural risk posed by concentrated token ownership and large wallet sell-behaviour remains a recurring theme.

Also Read: What’s Next for XRP: Navigating Calm or Stormy Times?

Final Thoughts

In the world of crypto news, the movement of $2.6 billion of XRP by major holders has become a headline for good reason. It underscores how the actions of a few wallets can impact the broader market, particularly for a token like XRP that already carries significant stakeholder and institutional ties. 

While structural catalysts remain for the token, the near-term path is clouded by distribution pressure and technical caution. Monitoring further large-wallet flows, exchange reserves, and derivatives activity will be critical for assessing when the negative pressure on the XRP price might ease.

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