In April, XRP whales sold over $700 million worth of tokens, notably offloading 370 million tokens. This behaviour influences market dynamics, and potential reasons include locking in profits or preparing for significant events. Current analysis suggests a bullish trend for XRP, with the possibility of a significant price increase in the coming weeks.
XRP is currently in the spotlight due to a notable increase in whale activity, with reports indicating over $700 million worth of XRP has been offloaded by large investors just this April. This sudden shift in behaviour prompts speculation regarding the motives behind these significant sell-offs by crypto whales.
Notably, prominent analyst Ali Martínez reported that XRP whales began offloading substantial amounts, with a total of over 370 million tokens sold since the month commenced. This sell-off is significant as it corresponds with market fluctuations, where such movements often impact price dynamics, especially during market downturns.
Analyzing data from Santiment, there is clear evidence indicating a trend where XRP wallets, particularly holding 100 million to 1 billion tokens, drastically reduced their holdings from April 3 to 14, 2025. Following these dumps, XRP experienced price drops but began to recover, reaching around $2.1 at the time of reporting.
The reasons behind these large-scale sales remain uncertain, with several possible explanations. Whales may be seizing profits from previous gains or hedging against increasing market volatility by diversifying their investments. Some whales could also be transferring tokens in anticipation of critical events, such as the outcome of the legal case between Ripple and the SEC.
However, there exists the risk that such coordinated selling by whales may lead to market manipulation, intended to manipulate prices for strategic gains. While the intent remains elusive, monitoring large-scale XRP movements is crucial, especially as the cryptocurrency hovers around the $2 mark.
Recent analysis from Andrew Griffiths indicates a bullish outlook for XRP, having surpassed two significant resistance levels and solidified support. Analyst predictions suggest that XRP may see an upward movement potentially exceeding 20%, moving from its current value of $2.10 to approximately $2.589, with projections possibly extending to $3.3 based on observed trends in the price ascending channel.
