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XRP is down 5% this week with the decline continuing despite growing institutional interest. The altcoin is struggling to recover, even with two XRP exchange funds in operation and two more expected to launch next week.
This disconnect has raised questions about why price action remains weak.
Whales sell XRP
Whale activity offers the most obvious explanation for the weakness. Major holders continued to sell all week, adding to the pressure On XRP. In the last 48 hours alone, wallets containing between 1 million and 10 million XRP have sold more than 250 million tokens, worth more than $528 million.
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Whales remain influential largely because of their ability to transfer liquidity and benefits. Continued selling by these whales indicates a lack of confidence in the near-term outlook. If the sell-off continues, XRP’s decline could deepen, especially as the price approaches key support levels.
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Total verticality, however, shows a more complex picture. appeared New XRP addresses During the past week, it rose to a one-month high. This growth seems to be related to the launch of Kyanari Capital (XRPC) and BitWise Fund (XRP), which lead the restaking of the network.
Additional revenue is expected with the launch of the Grayscale XRP Trust (GXRP) and Franklin Templeton XRP Trust (XRPZ) on Monday. These launches appear to encourage new users to enter the market, provide an equation for whale sales and provide potential support for future price stability.
The price of XRP continues to fall
XRP is trading at $2.11 at the time of writing, holding support at $2.08. The asset hits a monthly low and faces mixed emotions due to mixed signals from whales and new entrants. Price stability will depend on whether new capital exceeds ongoing sales.
If the influx of new addresses continues, it could offset the recent whale sales. This can help In XRP recovery Above $2.20 and paid about $2.28. ETF-led demand has the potential to regain momentum in the short term and encourage accumulation.
if Break XRP without Support is at $2.08, downside risks are increasing. The price could fall to $2.02 or slip below $2.00 if the sale intensifies. Such a decline would invalidate the bullish thesis and reflect a deeper shift in market sentiment.
