The Backdrop of XRP’s Performance
XRP reached its all‑time high in mid‑July, capping off at $3.65 before a steady pullback began. Since then, the asset has fallen to the $2.8 range, with a brief drop to $2.71 in early September. At the time of Martinez’s post, the asset traded at $2.862.
The accompanying chart shows that wallets holding between 1 and 10 million XRP have steadily reduced their positions, with total holdings slipping from about 6.9 billion to 6.5 billion tokens over the same period.
440 million $XRP sold by whales in the last 30 days! pic.twitter.com/qIQ9I2fYML
— Ali (@ali_charts) October 8, 2025
Market Forces Shaping Sentiment
The selling trend has come at a time when multiple external factors have been shaping sentiment across the digital asset market. The market is optimistic for the approval and launch of several cryptocurrency exchange‑traded funds (ETFs) this month.
Market participants see such developments as vital for unlocking new liquidity sources and increasing price stability. Despite this, whales are exiting their positions at a time that may prove premature.
Adding to the changing landscape, the Federal Reserve’s decision to initiate its first rate cut of 2025 in September introduced another variable. The move marked a clear shift in U.S. monetary policy after an extended period of tightening.
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Rate cuts tend to favor cryptocurrencies by improving liquidity conditions and reducing the appeal of fixed‑income investments. As a result, the announcement triggered renewed interest in digital assets across the board.
What Could Follow for XRP?
Given these developments, the wave of whale selling observed in recent weeks may appear counterintuitive. Historically, large holders have played a significant role in driving XRP’s momentum during periods of renewed market optimism.
While short‑term volatility remains possible, factors currently unfolding suggest that the market could be preparing for renewed movement. If ETF‑related progress continues and further rate cuts materialize, current sellers might be exiting the market ahead of a potential rebound.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.