XRP Whales Offload $160M as Market Eyes $3 Breakout

XRP bounced back from $2.18 to near $3 even as whales sold $160M, showing strong retail and community support.

Wallets holding 1M–10M XRP kept growing through volatility, signaling whales still trust in XRP’s long-term value.

Funding rates cooled to healthy levels near 0.0100%, suggesting balanced sentiment as XRP eyes a $3 breakout.

XRP is back in the spotlight as whales sold over $160 million worth of tokens in just two weeks. Analyst Ali revealed the move on September 15, showing how large-scale selling reshaped trading momentum

The sales occurred while XRP’s price staged a recovery toward $3, highlighting the tension between whale exits and retail optimism. Traders now watch closely as volatility shapes the asset’s next direction.

The price chart Ali shared tracks XRP action from June 14 to September 15. The token surged from $2.18 to $3.50 in early July before entering a heavy correction. Prices slid to $2.40 and briefly revisited June lows of $2.18

Source: Ali

However, September sparked a sharp turnaround. XRP regained strength and climbed back toward $3, erasing much of the August drop. This comeback created renewed confidence, even with whales unloading holdings.

Whale Activity and Distribution Trends

Wallets holding between 1M and 10M XRP tokens showed steady growth despite price swings. Distribution climbed from 6.31B to 6.72B during the three-month period

This gradual accumulation contrasts sharply with volatile price movements. Hence, larger holders continue positioning for long-term value even as selling adds pressure.

Moreover, dormant wallets have not rushed to join the exits, unlike recent Bitcoin whale moves. This stability reinforces XRP’s resilience in the face of sharp corrections.

Funding Rates and Market Sentiment

Data from Coinglass highlights the impact of leveraged trading on XRP’s volatility. Funding rates spiked above 0.0520% in mid-July when prices peaked. Negative rates appeared briefly in late June, reflecting heavy short demand. However, current levels near 0.0100% signal a balanced derivatives market.

Source: Coinglass

Additionally, liquidation activity concentrated around July’s peaks and August’s lows. These spikes underscored how traders faced risk during XRP’s violent swings. Still, September’s calmer funding cycle indicates healthier sentiment as prices recover.

XRP now sits near a psychological resistance at $3. Traders eye this zone as a battleground for the next breakout.

Despite $160M in whale sales, XRP shows resilience. Its September recovery, steady wallet accumulation, and balanced funding rates point toward renewed strength.

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