Whale behavior and a sell signal from the TD Sequential indicator imply that XRP will see additional negative pressure in the immediate future.
More Pain Ahead?
Ripple’s native currency was one of the worst-affected digital assets during the February 25 crypto market crisis. Its price fell to $2.07 (according to CoinMarketCap statistics) before rebounding to the current $2.26. However, the current level implies a 13% weekly decrease.
Some indications indicate that bears may continue to prevail in the short future. Popular X user Ali Martinez disclosed that whales traded over 370 million XRP in the last 96 hours. At current values, the hoard is worth more than $830 million.
Large sell-offs increase the token’s supply on the open market, potentially exceeding demand and pushing the price down. It may also indicate a lack of faith in XRP, causing lesser players to follow suit.
In addition to the whale activity, Martinez mentioned the asset’s TD Sequential indication. He said that it now flashes a sell signal on the two-week chart, indicating an approaching downturn.
The Bullish Elements
Some of the aforementioned variables point to a future rebound for XRP, while others point to a further decline. One example is XRP’s Relative Strength Index (RSI), which has been in a downtrend for several hours and is approaching the bullish level of 30. Readings below that level indicate that the item may be oversold and ripe for a price increase. In contrast, anything beyond 70 is considered a bearish indicator.
It is also worth noting the strong likelihood of an approved spot XRP ETF in the United States. Over the last several months, well-known firms like as Grayscale, Bitwise, and 21Shares have announced their plans to develop similar products. The US SEC accepted their petitions, and Polymarket estimates that the approval probabilities before the end of 2025 are roughly 72%.
An investment vehicle of this nature will enable investors to obtain exposure to XRP without the need to handle digital wallets and private keys or negotiate cryptocurrency exchanges. As a result, it may draw additional investors to the ecosystem and have a favorable long-term influence on the price.
Also Read: Nasdaq plans to launch and trade Grayscale Polkadot ETF under the ticker DOT
