{"id":15165,"date":"2025-02-26T17:31:54","date_gmt":"2025-02-26T17:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15165"},"modified":"2025-02-26T17:31:54","modified_gmt":"2025-02-26T17:31:54","slug":"ripple-whales-go-on-a-selling-spree-is-xrp-headed-for-a-further-correction","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15165","title":{"rendered":"Ripple Whales Go on a Selling Spree: Is XRP Headed for a Further Correction?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Whale activity and a sell signal from the TD Sequential indicator suggest continued downward pressure in the short term for XRP.<\/span><\/li>\n<li>On the contrary, the asset\u2019s RSI is approaching the bullish zone of 30, indicating a potential resurgence.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-385026\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-5-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>More Pain Ahead?<\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple\u2019s native token was among the worst-affected digital assets during the crypto market crash <\/span><a href=\"https:\/\/cryptopotato.com\/btc-plunges-to-3-month-low-beneath-88k-altcoins-dump-by-double-digits-market-watch\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">witnessed<\/span><\/a><span data-preserver-spaces=\"true\"> on February 25. Its price tumbled to $2.07 (per CoinMarketCap\u2019s data) before rising to the current $2.26. Still, the <\/span><span data-preserver-spaces=\"true\">ongoing<\/span><span data-preserver-spaces=\"true\"> level represents a 13% <\/span><span data-preserver-spaces=\"true\">decline on a weekly scale<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<figure id=\"attachment_385025\" aria-describedby=\"caption-attachment-385025\" style=\"width: 756px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-385025\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-2.png\" alt=\"XRP Price\" width=\"756\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-2.png 1002w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-2-300x159.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-2-768x406.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-2-50x26.png 50w\" sizes=\"auto, (max-width: 756px) 100vw, 756px\"><\/a><figcaption id=\"caption-attachment-385025\" class=\"wp-caption-text\">XRP Price, Source: CoinMarketCap<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Some factors suggest that the bears might continue to prevail in the short term. Popular X user Ali Martinez revealed that whales have <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1894532076679888924\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">sold<\/span><\/a><span data-preserver-spaces=\"true\"> more than 370 million XRP in the past 96 hours. At current rates, the stash equals over $830 million.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Large sell-offs increase the supply of the token on the open market, potentially overwhelming demand and creating a downward pressure on the price. It may also suggest a lack of confidence in XRP, prompting smaller players to follow suit.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In addition to the whales\u2019 activity, Martinez touched upon the asset\u2019s TD Sequential indicator. He <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1894726860296356237\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a> <span data-preserver-spaces=\"true\">that it<\/span><span data-preserver-spaces=\"true\"> now flashes the sell signal on the two-week chart, alerting about an impending correction.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Bullish Elements<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Contrary to the aforementioned factors that signal a further pullback for XRP, some indicate a potential rally.\u00a0<\/span><span data-preserver-spaces=\"true\">One example is XRP\u2019s Relative Strength Index (RSI), which has been on a downtrend for the past several hours and is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/XRP\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">nearing<\/span><\/a><span data-preserver-spaces=\"true\"> the bullish zone <\/span><span data-preserver-spaces=\"true\">of<\/span><span data-preserver-spaces=\"true\"> 30. Readings below that level suggest the asset could be oversold and due for a price surge. Conversely, anything above 70 is considered a bearish sign.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The solid chances of an approved spot XRP ETF in the States should also <\/span><span data-preserver-spaces=\"true\">be mentioned<\/span><span data-preserver-spaces=\"true\">. Over the past few months, well-known companies like Grayscale, Bitwise, and 21Shares have displayed their intentions to launch such products. The US SEC <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-etf-edges-closer-to-reality-with-new-milestone\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">acknowledged<\/span><\/a><span data-preserver-spaces=\"true\"> their applications, and according to Polymarket, the approval odds before the end of 2025 <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025?tid=1740575576501\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">stand<\/span><\/a><span data-preserver-spaces=\"true\"> at around 72%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">An investment vehicle of that type will allow investors to gain exposure to XRP without needing to manage digital wallets and private keys or navigate cryptocurrency exchanges. As such, it could attract more investors into the ecosystem and positively impact the price in the long term.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ripple-whales-go-on-a-selling-spree-is-xrp-headed-for-a-further-correction\/\" rel=\"nofollow\">Ripple Whales Go on a Selling Spree: Is XRP Headed for a Further Correction?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Whale activity and a sell signal from the TD Sequential indicator suggest continued downward pressure in the short term for XRP. On the contrary, the asset\u2019s RSI is approaching the bullish zone of 30, indicating a potential resurgence. More Pain Ahead? Ripple\u2019s native token was among the worst-affected digital assets during the crypto market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15165","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15165"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15165\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}