XRP Faces Whale Selling as ETF Hopes Ignite Fresh Momentum

Whale selling hits XRP hard, with 200M coins dumped in 48 hours, putting pressure on price and market sentiment.

Large holders’ steady exits from mid-August to November intensified downtrend, dropping XRP below $2.30 in early November.

Multiple spot XRP ETF filings boost optimism, echoing Bitcoin’s pre-ETF rally and attracting growing institutional interest.

A sharp shift in market behavior now pushes XRP into a crucial moment, where whale selling collides with rising ETF optimism. The activity unfolds across major exchanges, where traders track rapid distribution from large holders and sudden institutional interest. Analysts highlight urgent conditions because both forces now shape XRP’s immediate path

Ali, a well-known on-chain analyst on X, reports that “Whales dumped nearly 200 million $XRP in just 48 hours!” The comment amplifies concern as the market evaluates how aggressive selling and fast-building ETF excitement interact. The market watches closely because XRP just reclaimed the $2.50 zone, and traders want clarity on the next direction.

Source: Ali

This situation builds further urgency because the chart presented by Ali shows price and large holder distribution falling together from mid-August through mid-November. Analysts link this consistent distribution with heavy downward pressure

The activity started in mid-August when XRP traded near $3.20. Prices then swung between $2.80 and $3.40 during late August, and traders faced a choppy environment. However, the token failed to establish clear momentum in September, even after it touched $3.60 briefly.

Whale Distribution Deepens Market Stress

XRP entered October with renewed instability. Besides this instability, whales continued trimming large positions. The token broke below $3.00 and slid toward $2.60 by the end of October. Large holders with one to ten billion coins also kept unloading. Their steady exits intensified in October and November

Moreover, traders tracked both lines dropping in unison, which reflected strong coordinated selling. November then delivered the steepest decline as XRP fell below $2.30. Buyers attempted small rebounds, but sellers controlled the trend. The chart confirms this decline as large holder positions shrank to their lowest levels in the observed period.

ETF Filings Spark Fresh Optimism

However, the market regained excitement after multiple XRP ETF filings appeared on the DTCC platform. Franklin Templeton, Bitwise, Canary Capital, and 21Shares all submitted spot ETF products. Additionally, the filings triggered a 20-day SEC review window

The window ends on November 27, and automatic approval may follow if the SEC raises no objections. Traders see similarities to Bitcoin’s pre-ETF surge earlier in 2025. Consequently, buyers now wonder if XRP can retest $3 soon as volumes grow and institutional interest returns.

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