- XRP is trading below $2 as whale flows to Binance steadily increase, boosting selling pressure today.
- CryptoQuant data shows that ETF approvals have triggered profit-taking rather than new spot buying from institutions.
- XRP's price maintains support at $1.85 as key for recovery, while a breakdown threatens a drop towards the $1.50 area.
- XRP's price has remained in the fear zone since October 10, as large holders continue to sell quietly. Nonetheless, XRP's price has risen by 4% today, trading around $1.93, supported by increased interest in XRP exchange-traded funds. According to CryptoQuant, the weakness comes from whale selling, not from small investors.
- Does this mean XRP's price will rise again?
## Whale flows drive the decline
According to on-chain data analyst at CryptoQuant, Beliney Ba, wallets holding between 100,000 and over 1 million XRP have sent large amounts of tokens to Binance. Historically, such flows often indicate selling intent.
Every time these highs appear on the chart, XRP tends to form lower highs and lows, indicating that supply is clearly outpacing demand.
Most importantly, this selling is not an aggressive dump. Rather, it is continuous and measured, slowly pushing the price down over time. Without a strong wave of new immediate buyers, the additional supply continues to pressure the market.#USNonFarmPayrollReport
ETF news turned into a selling event
Many investors expected that approvals for XRP exchange-traded funds would spark a strong rally, similar to what happened with Bitcoin. However, CryptoQuant data suggests the opposite has occurred. Whales who accumulated XRP before the ETF narrative used the news as an exit opportunity.
Despite the price weakness, XRP exchange-traded funds surpassed $1.2 billion in net assets within a month of launch. This shows that long-term interest is building, even if short-term price movements remain under pressure.
Will XRP rise again?
XRP shows early signs of potential recovery, but everything depends on how well it holds key support levels. Recently, the price bounced near $1.85, a strong support area where buyers have previously entered. This bounce came with higher trading volume, indicating renewed buying interest.
At the same time, it seems that selling pressure is easing. Recent declines have been smaller, suggesting that sellers are losing their strength. If XRP can stay above $1.85, it may build support near $1.95. A clear move above $2 will further confirm a short-term recovery.#TrumpTariffs
However, the risk remains. If XRP fails to hold $1.85, the price may slide towards $1.66, or even test the $1.50 level again.
