XRP Market Sees Major Whale Movement Following Trump’s Crypto Reserve Announcement
In a dramatic turn of events, XRP whales have initiated a massive sell-off following Trump’s unexpected announcement of a US Crypto Strategic Reserve. The token, which initially surged to nearly $3.00, has experienced significant selling pressure as large holders capitalize on the price spike.
Key Market Movements:
- Price fluctuation: $2.00 to $2.80 within days
- Whale outflow: Over 180 million XRP dumped
- Exchange reserves: Binance sees 180M XRP increase
- Current price: $2.46 with recovery attempts
Distribution Phase Analysis
On-chain data reveals a textbook distribution phase, with early investors who entered below $0.50 taking substantial profits. The token’s remarkable 500% surge from November 2024 ($0.55) to January 2025 ($3.00) has created perfect conditions for profit-taking.
Exchange Activity Surge
Binance’s XRP reserves have jumped significantly:
- Previous balance: 2.72 billion XRP
- Current balance: 2.90 billion XRP
- Net increase: 180 million XRP
Market Implications
While the immediate price reaction appears bearish, analysts suggest this distribution phase could be healthy for long-term price stability. The increased exchange liquidity might attract new institutional investors looking to build positions at more attractive price points.
Looking Ahead
Market participants should monitor whale wallet movements and exchange flows for potential trend reversals. The token’s inclusion in Trump’s proposed Strategic Reserve could provide sustained support despite current selling pressure.