Large holders of XRP sold over 30 million tokens in five days, erasing a recent rally that had briefly pushed the price near $1.29. While this selling pressure caused the price to decline, institutional investors continued to buy into U.S. spot XRP ETFs, highlighting a divergence in market sentiment.
An XRP whale sell-off has emerged as the main force behind the token’s recent decline. Over the past five days, wallets holding at least 1 million XRP offloaded more than 30 million tokens.
Data from Santiment, shared by analyst Ali Martinez, shows the combined holdings of these large addresses dropped from 3.82 billion to 3.77 billion XRP. This reduction flooded the market with additional supply and weakened bullish momentum.
The decline follows a strong rally where XRP climbed from around $1.14 to a local high near $1.29 on June 16. Improved sentiment surrounding global economic conditions encouraged buyers to return.
The rally did not last as large holders began taking profits near key resistance levels. By June 19, XRP had fallen to $1.1273 as leveraged traders faced liquidations.
While whales were reducing exposure, institutional investors appeared to take a different view. U.S. spot XRP ETFs continued attracting fresh capital throughout the period.
ETF inflows reached $5.30 million on June 16 when XRP was near its peak. Another $2.55 million entered these funds on June 18, even as prices declined.
This contrast highlights a growing divide between short-term speculation and long-term investment strategies. The recent XRP whale exodus may prove temporary if institutional demand remains strong.
