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- XRP whales have sold around $50 million worth of XRP daily, contributing to a 7% price drop over the last week.
- Peter Brandt highlights a bearish pattern on XRP’s chart, with a potential price drop to $2.2.
Recent market data suggests that concerns are mounting for XRP as large holders, or whales, continue to dump sizable quantities of the digital asset.
With around $50 million of XRP being sold each day during the last month, the Ripple-linked token has lost 7% in the last week.
JUST IN: $XRP whales are offloading 🐋
Whale Flow (30DMA): -$50M/day.
Sell pressure persists. pic.twitter.com/Hcnys9vCCV
— Maartunn (@JA_Maartun) October 10, 2025
According to on-chain data provided by analyst Ali Martinez, wallets with more than 1 million and less than 10 million XRP have sold about 440 million tokens over the last 30 days. The whale balances have dropped from 6.9 billion XRP to 6.5 billion XRP in the last month.
This strong selling pressure is arriving as XRP is struggling to move above the $2.85 – $2.90 price zone, a level that has been hard to overcome. If the large holders start dumping and retail buyers fail to absorb the supply, then the market loses confidence, and it usually moves sideways or pulls back.
Technical Analysis Indicates Bearish Sentiment
Renowned commodity trader Peter Brandt has identified a worrying technical pattern developing on XRP’s daily chart. The token is currently forming a descending triangle, which is generally considered to be a bearish continuation or reversal pattern. If the triangle breaks down, Brandt warned of a strong downside in XRP with possible downside targets near $2.20.
The rising selling pressure is reflected in the data of market flow, with a total of $11.83 million worth of XRP being liquidated in the past 24 hours. Most of these liquidations (81.3%) were from short positions, which implies an increased bearishness in the market. The exchange Bybit topped the list of liquidations, with $4.41 million wiped out. Despite these bearish signals, whales on the Hyperliquid platform appear to remain bullish, as 58.81% of them hold long positions.
XRP’s price action over the next few days may be crucial in determining its short-term direction. Crypto analyst CRYPTOWZRD has noted that if the daily close is above $2.89, it could indicate a bullish reversal, with the token potentially heading to $3.13.
XRP Daily Technical Outlook:$XRP closed green. However, XRPBTC needs to push up from here, which will happen when BTC.D declines strongly. I’ll track the intraday chart to get a quick scalp. Holding above $2.8850 is bullish territory 😈 pic.twitter.com/PDDdkmPz5X
— CRYPTOWZRD (@cryptoWZRD_) October 9, 2025
However, if this level is not maintained, it could lead to the price being flat or even falling further. The daily chart has the XRP testing an important trendline. If it is able to break above $3.15, a rally towards $3.65 or higher may be more likely.
Ripple Partners with Bahrain Fintech Bay
In addition to the ongoing market fluctuations, Ripple has recently announced a major partnership with Bahrain Fintech Bay (BFB), a strategic step to help expand the company’s presence in the Middle East. BFB is one of the leading fintech incubators and has played a pivotal role in partnering with government agencies in Bahrain to accelerate the region’s digital transformation, with a focus on blockchain and digital asset adoption.
Through this partnership, Ripple aims to support the development of Bahrain’s digital asset ecosystem by developing proofs-of-concept (PoC) and demonstrating blockchain-based solutions.
