What to Know:
- XRP has experienced a notable price decline, falling 13% in a week due to increased selling by large token holders.
- On-chain data indicates a decrease in XRP transfers to exchanges, which could potentially stabilize the price if demand remains consistent.
- Technical analysis suggests continued volatility for XRP, influenced by Bitcoin dominance and key support/resistance levels.
XRP has faced downward pressure recently, with a significant price drop attributed to whale activity. The digital asset’s performance is closely watched by investors, especially amid ongoing market fluctuations. Analyzing both on-chain data and technical indicators is crucial for understanding potential future movements.
Whale addresses have reduced their XRP holdings, contributing to the recent price decline. Data from CryptoQuant shows a decrease in XRP transfers from large wallets to exchanges since late October. This reduction in sell-side pressure could help mitigate further price drops, provided demand remains stable.
Technical analysis reveals ongoing volatility for XRP, influenced by Bitcoin’s market dominance. Analysts have identified key support and resistance levels that could dictate short-term price action. Monitoring these levels is essential for traders looking to navigate the current market conditions.
900,000 $XRP sold by whales in just 5 days! pic.twitter.com/28404KMy24
— Ali (@ali_charts) November 3, 2025
Ripple’s recent initiatives, such as launching a digital asset spot prime brokerage and acquiring Palisade, indicate a strategic expansion within the crypto space. These moves could bolster institutional adoption and broaden Ripple’s service offerings. Such developments are vital for the long-term growth and stability of XRP and the Ripple ecosystem.
In conclusion, XRP’s recent price volatility underscores the importance of monitoring whale activity, on-chain data, and technical indicators. Ripple’s strategic expansions could positively influence the asset’s future performance. Investors should stay informed on these key factors to make informed decisions in the dynamic cryptocurrency market.
Source: Original article
