Ripple’s XRP has come under renewed pressure as whale wallets offloaded over 370 million tokens in just two weeks. The large-scale sell-off, valued at approximately $800 million, has triggered fresh debate about investor sentiment and market direction.
Expert Ali MartÃnez confirmed that the dumping started in late March and has continued with no signs of weakening during April. The selling spree coincided with Ripple CEO Brad Garlinghouse’s major announcement about successfully resolving the legal dispute with the SEC.
Market analysts support the conclusion that the legal dispute between Ripple and the SEC already holds a clear market status despite awaiting a formal declaration from the SEC.
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The market already integrated expectations about the legal resolution into its price dynamics, so traders engaged in standard behavior by selling the announced news after they purchased the initially predicted outcome.
Whale wallets started an intense buying spree of XRP after the U.S. elections in November 2024. The whale wallets reached their highest XRP ownership in the last six years before prices soared to $3.4.
The market dynamics evolved negatively when political uncertainty rose, general market conditions deteriorated, and enthusiasm for the lawsuit wilted.
Since then, XRP has experienced multiple declines below the $2 mark, underscoring the impact of the ongoing whale liquidation. Despite signs of resolution on the legal front, large holders appear to be reducing exposure, likely reflecting caution amid a mixed macroeconomic backdrop.
Whale Activity Signals Shift in Market Sentiment
The rapid and large-scale XRP sell-off reflects a clear shift in sentiment among major investors. These high-net-worth players often move ahead of broader retail sentiment, making their actions a key indicator of market trends.
Additionally, market observers believe the focus may shift toward the possibility of an XRP exchange-traded fund in the United States. While such a product could trigger renewed interest and speculative rallies, it also comes with risks tied to long-term regulatory clarity and institutional behavior.
Conclusion
The recent $800 million XRP dump reflects a shift in sentiment among key market players. Despite positive legal updates, the actions of whales suggest a cautious market outlook as investors await the next major catalyst.
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