Whales sold 40 million XRP in 24 hours, but the XRP price held above $3, climbing to $3.04 and showing resilience despite heavy selling.
By Godfrey Benjamin
Editor Hamza Tariq
Updated
3 mins read
Large investors sold about 40 million XRP XRP $3.04 24h volatility: 1.2% Market cap: $181.29 B Vol. 24h: $5.11 B in the past 24 hours, putting pressure on the market.
Despite this significant outflow, the price of XRP stayed above the key $3 support level and even managed a mild rally, surprising many traders.
Ali Martinez wrote on X that whales sold 40 million XRP in the past 24 hours, worth over $120 million.
Large moves like this often trigger sharp declines as smaller traders react, but in this case, the market held steady.
Whales sold 40 million $XRP in the last 24 hours! pic.twitter.com/XCQTr4n6cf
— Ali (@ali_charts) September 12, 2025
This time, things played out differently. Instead of falling below the $3 support line, the XRP price moved higher.
The coin touched $3.04, its best level since late August when it last traded for $3.12 before slipping back under $2.85. Holding steady after such a heavy wave of selling has caught the eye of many in the market.
At the time of writing, XRP trades at $3.04, a price that is up 0.83% for the day and nearly 7.63% in the past week. The market value of the coin has now passed $181.37 billion, keeping it as the third-largest digital asset.
The ability to stay strong in the face of selling shows that demand for XRP has grown, and that the market may be more stable than in past cycles.
Beyond the recent whale dumping, XRP reserves have reached a seven-month high.
With the $3 support level holding strong, many analysts believe XRP may be poised for another upward move. Some see targets between $4 and $5 if momentum continues.
If that happens, it would mark a new all-time high for the coin. The reaction to whale selling gives hope that the XRP price has support from a broad base of buyers, not just short-term traders.
One major factor hangs over the market. The U.S. Securities and Exchange Commission (SEC) has delayed another decision on a proposed XRP ETF.
Recently, Bloomberg analyst Eric Balchunas said XRP ETF approval is possible in September or October.
The SEC's "Listing Standards" for crypto ETPs is out via new exchange filing. BOTTOM LINE: Any coin that has futures tracking it for >6mo on Coinbase's derivatives exchange would be approved (below is list). It's about a dozen of the usual suspects, the same ones we had at 85% or… https://t.co/QlzZnta7Yv pic.twitter.com/CmBr8XxAcM
— Eric Balchunas (@EricBalchunas) July 30, 2025
However, this setback means more waiting for market participants who hope to see an exchange-traded product tied to XRP.
For now, traders are left to watch the charts. The key question is whether XRP can keep $3 as a firm base or if more selling will test that line again.
With whale activity in XRP catching attention, Snorter Bot is turning heads in the crypto market, gaining traction among bold retail traders. Its presale has already raised over $3.8 million, highlighting strong investor interest.
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The official presale website indicates that the token price is set to be adjusted within the next 2 days. Make sure you check it out to stay updated with the Snorter Bot launch date.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
