XRP Whale Sells 719 Million Tokens, Price Faces Pressure Then Moderately Rebounds

The crypto market was shaken by a massive sell-off from a major XRP whale, who offloaded approximately 719 million XRP tokens within the past 24 hours. This large-scale transaction triggered significant selling pressure, pushing the price of XRP below a critical support level before a mild technical rebound followed.

Whale Sell-Off Sparks Market Panic

According to a post by analyst Xaif on platform X, a total of 719 million XRP—valued at over USD 2.3 billion—was transferred to centralized exchanges within a single day. The sell-off also spilled into the derivatives market, leading to long position liquidations exceeding USD 41 million after XRP plunged below the technical support zone at around USD 3.00 (Binance, AInvest).

Support Zone Tested, Temporary Rebound Follows

The price drop briefly dragged XRP below the USD 2.90–3.00 range, a level widely recognized by technical analysts as key support. Although the selling pressure pushed prices beyond the lower boundary, the market quickly responded with a moderate rebound, indicating buying interest in that region (AInvest, The Coin Republic).

Diverging Whale Behavior: Between Selling and Accumulating

Despite dominant sell-side activity, on-chain data revealed a contrasting trend. Wallets holding between 1 million and 100 million XRP have accumulated over 310 million XRP since July 27. This suggests that some whales are taking advantage of the price correction to increase their holdings (Bitrue, Binance).

Whale Activity Pattern Continues

This event is consistent with a previously observed pattern. In the past week, more than 759 million XRP were moved across two large transactions, including a 16.8 million XRP transfer to Coinbase. While not all movements indicate immediate selling, analysts interpret the actions as part of portfolio repositioning or gradual liquidation (Economic Times, AInvest).

Key Levels to Watch: Support and Resistance

Analysts recommend monitoring the following technical levels:

• Critical support: USD 2.90–3.00, with a secondary safe zone at USD 2.65 in case of further breakdown.

• Major resistance: USD 3.32 – a breakout above this level could pave the way toward USD 3.65, the previous yearly high.

Bullish scenario: If the price holds above USD 3.00 and selling pressure eases, a rebound toward the USD 3.32–3.65 range remains possible (AInvest, The Coin Republic, Coinpaper).

Regulatory Uncertainty Still Looms

Amid price volatility, regulatory factors continue to cast a shadow over XRP. Although Judge Torres’ 2023 ruling declared that XRP sales did not constitute securities, the SEC has yet to issue a final decision. This lingering uncertainty has prompted some whales to adopt a cautious stance and reduce exposure to XRP (Binance).

The massive 719 million XRP sell-off has sparked significant pressure in the market, with derivative liquidations reaching USD 41 million, further amplifying the short-term correction. A technical rebound within the USD 2.65–3.00 zone reflects the presence of defensive buyers.

Whale strategies remain split: while some are selling, others are accumulating. The current XRP market dynamic is complex—short-term pressure persists, but signs of accumulation and technical resilience offer the potential for recovery, should sentiment begin to improve.