{"id":16349,"date":"2025-03-05T18:31:32","date_gmt":"2025-03-05T18:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16349"},"modified":"2025-03-05T18:31:32","modified_gmt":"2025-03-05T18:31:32","slug":"trump-powered-rally-triggers-heavy-dumping-from-xrp-whales-heres-how-much","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16349","title":{"rendered":"Trump-Powered Rally Triggers Heavy Dumping From XRP Whales, Here\u2019s How Much"},"content":{"rendered":"
\n

XRP\u2019s price movement over the past two weeks has been characterized by sharp fluctuations <\/a>that have kept traders on edge. The token briefly plunged below $2 before staging a rapid recovery that saw it climb as high as $2.8, all within just a few days.\u00a0<\/p>\n

This interesting price action is an extension of the entire crypto market, which ended February on a crazy decline before bouncing back in early March. This bounce back was sparked by Donald Trump\u2019s hinting about a crypto reserve in the US. However, on-chain data shows that the surge has been met with an equally dramatic sell-off by large holders.<\/p>\n

Trump\u2019s Crypto Announcement Causes XRP Price Surge<\/h2>\n

XRP enjoyed a sudden upward jolt following a surprise announcement by Donald Trump on Sunday, March 2. The US president revealed plans for a <\/a>US Crypto Strategic Reserve that would include XRP alongside Bitcoin, Ethereum, Solana, and Cardano. The prospect of government-backed crypto reserves fueled a buying frenzy across the entire market. XRP registered an intraday rally of over 30% after Trump\u2019s statement, briefly pushing its price towards the $3.00 mark\u200b again.\u00a0<\/p>\n

However, the celebratory mood proved short-lived. <\/a>Within a day of the announcement, XRP gave back a chunk of its gains as sell orders flooded the market. After peaking above $2.8 during the Trump-fueled rally, the price quickly retreated by <\/a>about 10%. By Tuesday, the asset was trading in the mid-$2 range again.<\/p>\n

Interestingly, on-chain data shows that whale investors (those holding massive positions) have unloaded record amounts of the token in the wake of the rally. Miles Deutscher, a crypto market analyst, highlighted the trend<\/a> on X (formerly Twitter) with a stark observation using data from the on-chain analytics platform CryptoQuant.<\/p>\n

\u00a0<\/p>\n

\"XRP\"<\/p>\n

Deutscher\u2019s post was accompanied by a chart pointing to heavy profit-taking by whales, and he described the market\u2019s behavior as a textbook distribution phase.\u00a0<\/p>\n

The Altcoin In The Distribution Phase<\/h2>\n

A distribution phase is a period when early investors cash out en masse following a strong rally. In the case of XRP, early investors are those who bought the token during its multi-year bear rut under $0.5. This is based on a momentum that had been growing since late 2024, which saw the altcoin climb more than 500% from roughly $0.55 in early November to over $3 by January 2025.<\/p>\n

As shown by the chart above, whales have been selling for a while and continue to do so after the recent Trump-induced rally. Particularly, the CryptoQuant chart shows negative whale flows peaking at over 180 million XRP in early March, which is its highest level in years.\u00a0<\/p>\n

Interestingly, exchange data shows a concurrent jump in supply on trading platforms. Binance, for example, has seen its XRP reserves spiking from 2.72 billion to 2.90 billion tokens in recent days.<\/p>\n

At the time of writing, the token is trading at $2.46 and is starting to recover towards<\/a> $3 again.<\/p>\n

\"XRP\"<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP\u2019s price movement over the past two weeks has been characterized by sharp fluctuations that have kept traders on edge. The token briefly plunged below $2 before staging a rapid recovery that saw it climb as high as $2.8, all within just a few days.\u00a0 This interesting price action is an extension of the entire […]<\/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-16349","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\/16349","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=16349"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16349\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}