XRP whales sell as ETFs keep buying

TLDR

XRP is seeing large holders sell tens of millions of tokens while U.S. spot XRP ETFs continue to record steady inflows.

1. On-chain data shows whales sold over 30 million XRP in a few days as price slipped from about 1.29 toward the 1.10 support area, adding near term selling pressure.
2. At the same time, U.S. spot XRP ETFs have taken in around $23 million this month and over $1.45 billion cumulatively, even as Bitcoin and Ethereum ETFs see outflows.
3. The tug-of-war between whale selling and ETF demand makes the 1.10 to 1.05 price zone, ETF flow data, and on-chain activity the key things to watch next.

Deep Dive

1. What Whales And Price Are Doing

Several analytics based reports say wallets holding at least 1 million XRP have distributed more than 30 million XRP over roughly five days, with large holder balances falling from about 3.82 billion to 3.77 billion tokens and whales now controlling close to 70% of supply. This wave of distribution came after XRP briefly rallied to around 1.29 and then reversed, with price now consolidating near the 1.10 to 1.15 area and short term performance negative for June. Analysts highlight that a clean break below about 1.10 would likely open the way to a test of support near 1.05, while resistance has built up around 1.20 to 1.25 based on recent profit taking behavior.

2. ETFs Keep Accumulating XRP

Despite this selling, U.S. spot XRP ETFs continue to attract capital. Flow trackers report net inflows of about $10.6 million this week, matching last week, for roughly $23 million this month and more than $1.45 billion since approval, with XRP ETF assets around $1 billion and about 1.4% of XRPs market cap. One analysis notes that XRP ETFs are seeing inflows while spot Bitcoin ETFs have lost hundreds of millions of dollars this week and several billion this year, and Ethereum ETFs are also in net outflow. Daily data shows individual days with $5.30 million and $2.55 million of XRP ETF inflows even as price pulled back.

3. Why The Split Matters And What To Watch

This divergence sits on top of a structural backdrop where XRP exchange reserves are at a seven year low near 1.6 billion tokens and whale concentration is high, which means relatively small changes in net flows can move price. At the same time, on-chain activity has weakened, with active addresses reportedly falling by about 50% in two weeks and XRP Ledger DeFi TVL and fee revenue near multi year lows. That combination, plus a macro environment where hawkish Federal Reserve messaging has hurt risk assets, leaves XRP at an inflection zone around 1.10, with 1.05 and 1.00 flagged as next supports if selling persists.

Conclusion

XRP is currently driven by opposing forces: short term whale selling and weak network activity on one side, and steady ETF inflows and tight exchange supply on the other. If institutional buying through ETFs continues to absorb spot supply while key support around 1.10 to 1.05 holds, the setup favors a basing phase, but a break of that zone with fading flows could quickly extend downside given concentrated holdings and thin reserves. Watching ETF flow data, whale balance trends, and how price reacts around those support levels is critical for understanding which side gains control.