XRP Tumbles to Two-Year Low Near $0.89 as 240M-Token Whale Move Skirts Exchanges
XRP dropped to a two-year low near $0.89, down 27% in 30 days, amid broad crypto selloff. Two 120M XRP whale transfers, totaling $215M, moved between private wallets without hitting exchanges. XRP ETFs saw $19.13M outflows, and $27M in futures liquidations occurred. XRP's market cap is $60.6B, ranking sixth among digital assets.
How this was made
The 30-second read
Why it matters
The combination of off‑exchange whale activity and fund withdrawals signals heightened bearish pressure on XRP, likely extending the recent downtrend.
Market read
Fresh on‑chain data and fund flow metrics provide traders with actionable insight into XRP's near‑term price trajectory.
What to watch
Potential upcoming escrow release on Dec 1 could add supply, but also may be absorbed without major price impact if demand holds.
Background
XRP fell to a two‑year low amid a 240 M‑token whale transfer that avoided exchanges, alongside ETF outflows and futures liquidations.
Ticker impact
Large off‑exchange whale transfers and significant ETF outflows were first disclosed, indicating fresh selling pressure on XRP.
likely further downside pressure as market absorbs the sell‑side liquidity and reduced fund support
New on‑chain activity and fund flow data were not previously reported; they directly affect supply dynamics and market sentiment.
Market effects
Crypto sector may see broader risk aversion as large token movements raise concerns about hidden supply shifts.
US crypto investors may reduce exposure to XRP‑linked products, affecting ETF flows.
XRP's price move can influence overall market sentiment for digital assets, especially altcoins tied to fiat on‑ramps.
Counterpoint
If the whale transfers are merely custodial re‑allocations, the sell pressure could be temporary and price may stabilize.
Key entities
- cryptocurrencyXRP
Digital asset issued by Ripple, currently trading near $0.90.
- ETFBitwise XRP Fund
One of the XRP spot ETFs that withdrew $9.4 M during the week.
