Whale Inflows Cloud XRP ETF Hopes as Selling Pressure Continues

Concerns arise regarding expectations for XRP exchange-traded funds (ETFs) as recent on-chain data reveals an unsettling trend. Although optimism suggested that these ETFs could spark new institutional interest in XRP, evidence from CryptoQuant indicates a disconnect between anticipated price movements and actual market behavior. Whale activity on platforms like Binance shows that large holders are moving substantial amounts of XRP, primarily in the 100,000 to 1 million XRP range, which could suggest preparations for selling. Such inflows are overwhelming, indicating that market supply is increasing at a pace that smaller buyers cannot keep up with, thereby stymying price growth despite inflows into Spot XRP ETFs. Currently trading at $1.94, XRP is encountering consistent selling pressure at around $1.95, with forecasts suggesting it could decline further to the $1.50 to $1.66 range should this pattern continue. Surprisingly, even with these inflows, the anticipated sustained demand for XRP post-ETF has not materialized, leading some to speculate that whales are seizing the moment to offload their XRP holdings. Despite these challenges, recent data from SoSoValue reveals that these ETFs did manage to collect $82.04 million in inflows, potentially cushioning against a steeper decline.