An alarming scheme of the activity of XRP whales has been noted, asking several questions about the sustainability of the growth of cryptocurrency. Among the multiple questions currently asked, one is more demanding of an immediate answer: is a sale of XRP whales on its way?
XRP supply increases in large exchanges
In an article of October 3 on the social media platform X, the Cryptonchain market analyst highlighted a recent change in the behavior of the greatest holders of XRP, the whales.
The online pundit report was based on the exchange power ratio indicator, which follows the proportion of XRP token on exchanges compared to its diet in total circulation.
Related reading
This metric can be used to derive information on the potential sales pressure for a cryptographic asset (XRP, in this case), considering that higher values suggest increased availability of tokens on the exchange for sale.
According to Cryptonchain, there was a peak in the XRP supply in the main exchanges, which suggests that the whales could position for a large sale. The shared data reflect the increase in sales pressure on these exchanges, in particular Bithumb, Bitget, Bitfinex and Binance, which puts the XRP price at an increased risk of net correction.
XRP displays a downward divergence because sellers dominate the term market
In a separate article carried out on the cryptocurrency platform, Cryptonchain also revealed a negative grass divergence on the market for future XRP.
The relevant indicator here is the metric of the lessee buying ratio, which monitors the balance between the aggressive purchase and sales orders on the long -term market. This metric is generally used to assess whether buyers or sellers dominate the short -term market.
The analyst noted that although the price of XRP is mainly about $ 3 after its recent increase, the “ ratio of killers ” through exchanges fell to its lowest level since November 2024. Made of Binance, the largest cryptographic exchange in the world, also support this Bearish signal, as similar to those observed on other exchanges place.
Reading related: Ethereum corresponds to bitcoin in annual gains: what it means for the market
Cryptonchain explained that this situation could mean that market participants reserve profits or anticipate a drop in prices in the near future. However, the peak of the XRP offer in the main exchanges of cryptography, as well as the clear domination of sellers on the perpetual market in the long term, strongly suggest the imminence of a price correction.
It is therefore advisable to monitor the psychological level of $ 3 before market decisions. To date, XRP oscillates around the $ 3 mark, reflecting a drop of almost 2% in the last 24 hours.
Istock star image, tradingview graphic
