Whales Have Sold 190,000,000 XRP in 48 Hours as Price Stutters

Large holders continue to add pressure on the price of XRP, liquidating millions worth of the asset in the past two days.

Prominent market analyst Ali Martinez highlighted this Santiment data in a social media post on Thursday. He shared that whales are still selling their stash, prioritizing safety amid broader market uncertainty.

For perspective, XRP has retraced slightly over the past 24 hours, but longer timeframes paint the entire picture. Iver the past week and month, the prominent cryptocurrency has collapsed by 14.6% and 13.1%, respectively, joining other major digital assets in the downtrend.

XRP Whales Exit Market

The report shows that, amid these declines, whales holding between 1 million and 10 million XRP tokens have continued to exit the market. Specifically, they have sold 190 million XRP, valued at $402 million at the current trading level, in the past 48 hours.

Notably, these large XRP addresses have steadily reduced their market exposure since early September. They held over 6.8 billion tokens at the time but have sold over 1.58 billion XRP in two months. Data shows these wallets now hold a combined 5.22 billion XRP.

Meanwhile, a parallel report confirmed that these dumps have persisted for some time, confirming that XRP whales are offloading the coin at the rate of $50 million per day, adding to the skepticism among market traders.

ETF Inflows Boost Sentiment

Nonetheless, the performance of XRP’s first US spot ETF, the Canary Capital XRP ETF (XRPC), has boosted optimism among enthusiasts. The fund launched on November 13 and has since recorded no single-day net outflows.

Since the start of this week, XRPC has brought in $49.5 million, according to SoSoValue, bringing its cumulative total net inflow to $292.6 million.

Meanwhile, more XRP spot ETFs would enter the US market, with the Bitwise XRP ETF set to launch today, November 20. According to Bloomberg analyst James Seyffart, the Grayscale XRP ETF could debut on November 24, adding a new layer of liquidity and a channel for capital inflows into the XRP market.

Key XRP Levels to Watch

Meanwhile, Martinez highlighted key XRP price levels to watch if the bearish momentum continues. In a parallel tweet, he mentioned that with XRP currently below the $2.15 support, the next crucial demand zones lie at $1.91 and $1.73.

Below $2.15, the next key $XRP levels are:

• $1.91
• $1.73 pic.twitter.com/jZHPv3I9EW

— Ali (@ali_charts) November 18, 2025

He identified this using the UTXO realized price distribution (URPD): percent-partitioned. Notably, reaching the lows would entail retracements of 10% and 18% from the current price.