Karla Barker 
XRP Holders Continue Selling Despite Market Stabilization
XRP is having trouble bouncing back from last week’s market downturn. The recovery momentum just isn’t there, partly because investor support remains weak and selling pressure keeps building up.
Even though the broader market has started to stabilize, XRP holders haven’t stopped offloading their assets. This persistent selling is making the bearish sentiment worse and slowing down the altcoin’s path to recovery. It’s been nearly four days since the crash, but the selling hasn’t let up.
Data from exchange net position changes shows something concerning – the current selling volume is the highest we’ve seen since December 2022. That’s almost three years. This kind of sustained selling suggests investors might be panicking, probably because they’re not seeing any visible recovery in XRP’s price.
Whales Drive Massive Sell-Off
Large holders, often called whales, have been major players in XRP’s recent price decline. Addresses holding between 100 million and 1 billion XRP have reportedly sold over 2.24 billion tokens. That’s worth more than $5.4 billion since the October 10 crash.
This massive sell-off from big players has really intensified the downward pressure on the market. When whales start liquidating on this scale, it usually signals deep skepticism about the asset’s near-term performance. Institutional and high-value investors exiting their positions suggests they don’t have much faith in XRP’s ability to stage a meaningful rebound anytime soon.
Price Action and Recovery Challenges
As of the latest data, XRP is trading around $2.44, just below the $2.45 support level. If this bearish momentum continues and investor confidence weakens further, the altcoin could potentially slide to $2.35 or even $2.27 in the coming days.
This would make recovery increasingly challenging for XRP. The token needs to climb back toward $2.85 to reclaim its recent losses, but sustained selling activity – especially from large holders – could delay this process and push prices even lower.
However, there is a potential silver lining. If selling pressure eases and investors begin accumulating again, XRP could rebound. A push above $2.54 and $2.64 could pave the way toward $2.75, which would signal renewed market optimism and potentially invalidate the current bearish outlook.
The continued outflow of tokens from investor wallets to exchanges highlights the prevailing fear that further losses might still be ahead. This fear is limiting upward potential and making buyers hesitant to reenter the market. It’s a classic case of negative sentiment feeding on itself.
What’s interesting is that this selling pressure could actually hinder XRP’s ability to regain momentum even if broader market conditions improve. Confidence seems to be fading, and that’s often harder to rebuild than price levels.