XRP has taken a serious hit in recent trading sessions, falling below the important $3 level as wealthy investors continue selling off their holdings. The cryptocurrency is now trading around $2.90, representing a decline of over five percent in just the past day.
470 million $XRP sold by whales in the last 10 days! pic.twitter.com/Zc24I9omjg
— Ali (@ali_charts) August 20, 2025
The selling pressure comes from large XRP holders who have dumped an enormous amount of tokens over the past ten days. These “whale” investors, who typically hold between 10 million and 100 million coins each, have been aggressively reducing their positions and moving funds to major exchanges.
Data shows that massive amounts of XRP have been flowing into exchanges like Binance, with some single-day transfers exceeding 100 million tokens. This flood of selling has pushed the price down significantly from its recent highs and raised concerns about further declines ahead.
Despite the heavy selling, not all large holders are giving up on XRP completely. Some whales actually bought over $360 million worth of tokens during earlier price dips, suggesting they might be taking profits now while planning to buy back later at lower prices.
Technical analysis suggests XRP could test support levels around $2.70 if the selling continues, though a recovery above $3.00 would signal renewed strength.
Conclusion
XRP’s drop below $3 shows how big investors taking profits can hurt prices. With 470 million tokens sold recently, the coin faces more pressure unless buying support returns to stabilize around key levels.
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