XRP Whale Sell-Off Sparks Bearish Outlook Amid Price Stagnation.

XRP’s latest rally attempt has faltered after failing to break out of its descending wedge pattern, leaving the altcoin struggling to maintain momentum. The cryptocurrency is currently hovering around the $2.94 level, showing little sign of recovery as investor sentiment weakens and whale activity indicates diminishing confidence among large holders.

Recent on-chain data reveals that major XRP investors are offloading their holdings. Wallets holding between 100,000 and 1 million XRP have collectively sold over 100 million tokens in just 10 days — a staggering $300 million in value. This reduction marks the lowest whale holdings in nearly three years, signaling growing caution and risk aversion among big investors. The trend suggests whales are exiting positions to safeguard against potential downside, anticipating further price corrections in the near term.

Supporting this bearish outlook, the XRP Realized Profit/Loss Ratio has surged to a two-month high, according to Glassnode data. This metric shows that investors are selling into strength rather than accumulating, an indication of fading optimism. The spike highlights a wave of profit-taking as traders capitalize on brief price upticks instead of holding for long-term gains. Such behavior reinforces a fragile market structure, increasing the risk of continued price decline unless new buying pressure emerges soon.

If bearish sentiment persists, XRP could fall toward $2.85 or lower, potentially triggering more sell-offs from short-term traders. However, if the market stabilizes and XRP breaks above the $3.12 resistance, it could target $3.27 next. A confirmed breakout might lead to a potential 19% rally toward $3.61, invalidating the current bearish outlook.

With whales retreating and sentiment shaky, XRP’s near-term trajectory hinges on renewed demand and a stronger market rebound.