XRP Faces Dual Pressure as Whales Offload 190M Tokens Ahead of ETF Launch Wave
Large holders sold 190 million XRP within 48 hours, driving the token toward $2.11 and intensifying selling pressure, according to analyst Ali. Multiple spot XRP ETFs—including 21Shares' TOXR—have secured regulatory clearance and are set to begin trading. The timing of whale distribution ahead of institutional product launches creates conflicting signals for traders as the market awaits directional clarity.