XRP Price Suddenly Drops by 5% as Ripple Whales Offload Tokens

TL;DRWhales have sold over 60 million $XRP in the last 72 hours! pic.twitter.com/nx13u9nthS— Ali (@ali_charts) May 21, 2025The 60 million tokens offloaded by large Ripple investors equal roughly $140 million, according to current prices. While this doesn’t sound like a big number when we are talking about a cryptocurrency with a market cap of almost $140 billion, the relatively small timeframe of just 72 hours is what’s more worrying.Additionally, it showcases a highly different investment strategy for whales. Recall that these market participants, who have the ability to impact market prices with large sales or purchases, went on a massive accumulation spree in April,addingover 900 million tokens.The revelation today coincided with an intriguing price move by XRP. The fourth-largest cryptocurrency started to gain traction alongside the rally in the rest of the market, in which BTCskyrocketedto a new all-time high, and surged from $2.34 to a multi-day peak of almost $2.44.However, it faced an immediate and violent rejection at that point and was pushed south to the starting level within hours. As of now, XRP is back to around $2.35, which is just above a crucial support line ($2.3) that manybelievecould make or break the asset’s short- to medium-term price movements.