XRP Whales Dumping as Price Rallies 30% in a Week

XRP’s (XRP) price has surged over 30% this week, but the rally is unfolding under the shadow of quiet distribution by its largest holders.

XRP Whale Flows Flip Negative

Data from CryptoQuant shows that XRP’s 90-day whale flow—a metric tracking net token movement by whale wallets—flipped negative in early July. This means that despite the price jump, whales are now net sellers, not buyers.

The divergence is notable: as XRP rallied from $1.85 to over $2.40, whale flow flipped negative and deepened. After steadily accumulating since March 2025, large holders began selling just as XRP broke out of its multimonth downtrend, hinting they’re offloading into strength.

Interestingly, this isn’t the first time XRP has rallied in the face of whale distribution. In late November 2024, the same whale flow metric turned negative ahead of XRP’s powerful climb from roughly $1.50 to $3.40.

That move was also largely driven by retail enthusiasm, with whales selling into the rally rather than leading it. It hints at a possible recurring pattern: smart money exits as retail or regional demand spikes.

Korean Retail Leads XRP Higher

This week’s rally appears to be fueled primarily by Korean markets.

Trading data shows Upbit accounting for the bulk of net XRP market buys, with nearly 30 million XRP purchased across major exchanges in a single hour. Binance trailed in volume, while Coinbase activity remained relatively muted.

Such flow concentration suggests the rally is being led by regional speculation rather than broad-based institutional demand. That can leave the market vulnerable if new buyers fail to step in.

XRP Falling Wedge Breakout Targets $3.80

From a technical standpoint, XRP’s current rally may be just getting started. The token has broken out of a multimonth falling wedge pattern, a classic bullish continuation setup.

As seen on the weekly chart, the wedge formed following XRP’s November 2024 price spike and had compressed price action for over seven months.

This week’s breakout confirms bullish intent and opens the door for a measured move toward $3.80, based on the wedge’s maximum height. The breakout also coincides with a spike in volume and a recovery in the weekly RSI, adding weight to the bullish case.