Large-scale whale sales have been dominating the XRP market, significantly affecting price dynamics. Blockchain data shows that in the past 30 days, major wallets have offloaded approximately $50 million daily, creating intense selling pressure that has tested the $3 support level. Over the past week, XRP has fallen around 7%, dropping 4.7% over the last month, and is currently trading between $2.78 and $2.84, 22% below its summer high of $3.65.<\/p>\n\n\n\n
Analyst JA Maartunn reported on X that this consistent whale activity has heightened fear and hesitation among retail investors. Santiment\u2019s October 7 report shows XRP\u2019s positive-to-negative sentiment ratio at its lowest level since April. Despite a 435% price increase since the start of the year, global trade tensions have dampened risk appetite, and historical data suggests that sentiment-driven downturns like this often mark market bottoms.<\/p>\n\n\n\n
On the fundamentals side, XRP\u2019s DeFi ecosystem continues to expand. Following the launch of the FAssets compliance protocol on Flare in September, the Total Value Locked (TVL) increased by 28%. While retail participation remains weak, ongoing network activity and institutional use cases support a moderately bullish medium-term outlook.<\/p>\n\n\n\n
From a technical perspective, analyst EGRAG Crypto highlights that XRP\u2019s bullish setup remains intact, with an upward movement pattern confirmed by the RSI. A close above $4 could trigger the next wave of gains, while resistance is identified between $4 and $4.50. The key short-term focus is defending the $3 support; if whale selling eases, a rebound is more likely, whereas a break below could push XRP toward $2.70\u2013$2.75. The current narrow trading range indicates a potential for a sharp directional breakout.<\/p>\n\n\n\n
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