Key Takeaways
How are XRP whales impacting price amid broader altcoin strength?
XRP whales and STHs are taking profits, driving consistent outflows and reinforcing the $3.20 resistance, while smart money chases upside elsewhere.
Does this mean a deeper correction is coming?
Whale flow (30DMA) hitting $50 million/day signals mounting selling pressure. Meanwhile, persistent capitulation by STHs and whales suggests near-term downside risk is elevated.
Ripple [XRP] whales are running out of patience.
Technically, it’s the only large-cap in the red for October, down 1.09% from a $2.80 open. Another 7% drop and all of September’s 2.56% gains get flushed. Moreover, XRP’s been printing lower highs since July.
Put simply, the bulls are losing steam, and September’s $3.20 peak just reinforced the ongoing downtrend bias. Consequently, that level is now a key resistance.
XRP will need to break it to keep bullish Q4 hopes alive.
Source: TradingView (XRP/USDT)
However, short-term holder NUPL has dipped into the “capitulation” zone twice in under a month, signaling fading confidence among recent buyers (holding >155 days) who are still sitting on net gains of roughly 27%.
This reinforces AMBCrypto thesis: Patience among XRP HODLers is wearing thin, and Q4 bullish expectations are cracking, forcing STHs to take profits before a deeper dip eats into gains.
The question now: Are these holders seeing something the market hasn’t priced in, or just playing it safe? With XRP whales making moves, this could be STHs front-running a bigger slide toward a breakdown.
XRP whales keep dumping, pressure mounts on price
XRP whales are following STHs’ lead.
Notably, smart money is trimming positions as net gains are realized. With XRP’s NRPL (Net Realized Profit/Loss) in the green, STHs are taking profits, and whales cutting back adds fuel to fears of a deeper correction.
The chart shows XRP whale flow (30DMA) hitting $50 million/day for the first time since August. Back then, XRP dropped 8.16% for the month while other alts stayed green, showing bid support was fading.
Source: CryptoQuant
In short, XRP’s relative weakness vs. other large-caps isn’t random.
Big money is chasing upside, and it’s clearly skipping Ripple. With STHs and whales offloading, the $3.20 level is acting as strong resistance. Thus, October could mark XRP’s third straight lower high since July.