XRP: Whales vs. ETFs 🐳📉

by

A most peculiar thing has occurred! This XRP ETF, approved with much fanfare and boasting a billion-dollar success… well, it seems to have done little to appease the aquatic leviathans of the cryptocurrency seas. Indeed, they continue to offload their holdings with an almost melancholic regularity, and Binance is, alas, receiving it all. The price, a pathetic $1.50, flails about like a landed fish, while the institutions watch on with a baffling disconnect.

XRP, it appears, is incapable of scaling the heights of $2, even with this extraordinary ETF performance. CryptoQuant, a purveyor of on-chain pronouncements, whispers of monstrous whales dominating the exchange inflows! An unsettling disconnect, wouldn’t you agree? A most alarming misalignment of institutional desire and the stubborn whims of the market. 🧐

The data reveals a most curious pattern. A single wallet, swollen with somewhere between 100,000 and a million XRP (a peasant’s fortune, really), accounts for the majority of deposits into Binance. These aren’t the timid purchases of the common investor, no; these are deliberate acts, grand maneuvers conducted by beings of immense crypto-wealth. A whale indeed! 🐳

Source :CryptoQuant

The Great Holders and the Flow of Coin

Throughout the dreary month of December, vast wallet deposits have exerted a persistent downward pressure on the price. Each time XRP attempts a modest ascent, these behemoths appear to casually unleash another torrent of coin, thwarting any hope of sustained progress. It falters, it sputters, it develops…lows and lower lows. A most depressing sight! 😩

The selling is not a frenzied panic, mind you, but a disciplined, almost…refined form of liquidation. Demand pales in comparison to the endless tide of supply. New buyers hover on the periphery, hesitant and unsure, while the supply continues to accumulate, dragging the price down even when the whales barely exert themselves. What a farce!

The ETF: A Convenient Excuse for a Grand Exit

It turns out these whales, clever creatures that they are, had stockpiled their tokens before the ETF was even approved! And then, upon its arrival, they promptly used the ensuing rally as an opportunity to unload their precious cargo. Alas, these institutional products, despite their best efforts, have proven inadequate to absorb this sudden influx of supply, as diligently observed and reported by CryptoQuant on X.

XRP ETF Approval Failed to Stop Selling Pressure“The majority of inflows are coming from the 100K-1M XRP and 1M+ XRP bands. These volumes do not belong to retail investors; they indicate that whales are actively transferring XRP to Binance.” – By

– CryptoQuant.com (@cryptoquant_com)

Within a month of its birth, this XRP ETF has amassed over 1.2 billion in net assets. Zero days of outflow! A testament to institutional confidence, certainly. But even this impressive feat is insufficient to counter the relentless pressure of the whale’s bounty. A most inconvenient truth! 😖

As noted by Cryptoquant on X, the whales, with a shrewdness bordering on the cynical, strategically leveraged the expectations surrounding the ETF. What was initially accumulated in anticipation of gains was transformed into liquidity, readily available on the exchanges. And so, the narrative of approval became a signal…to sell. The irony! 😂

You might also like: XRP ETFs Hit $63.8M as Exchange Reserves Plunge

Support Zones: A Fragile Hope

A fleeting stability has emerged around $1.82 to $1.87, where the price has paused for breath-a level previously favored by the smaller, more optimistic investors. But alas, further massive inflows threaten more severe corrections. A precarious situation, to say the least.

Should the whales continue their watery descent, secondary support lies between $1.50 and $1.66. Historical precedent, however, suggests that such levels are unlikely to hold against such formidable forces. To speak of rallies, then, is to engage in a mere fantasy, until those exchange inflows finally begin to subside. 😔

XRP currently trades at $1.93, with meager gains. A cautious approach is most certainly warranted. The near-term price trajectory will, inevitably, be dictated by the whims of these colossal creatures. A sobering thought, wouldn’t you agree?

Read More

2025-12-21 08:56