XRP’s price has experienced a steep drop this week as significant holders have sold off a substantial amount of their holdings. This trend is attributed to increased sales activity from whales, causing ripple effects across the market.

Currently, XRP trades at $2.26, with a 24-hour trading volume of $6.42 billion. The cryptocurrency has lost 13% in value over the past week, with a further decline of 6% in the last 24 hours.

Whales Reduce Exposure Amid Price Declines

According to analyst Ali Martinez, whale wallets holding between 100 million and 1 billion XRP are recent sellers:

“900,000 $XRP sold by whales in just 5 days!” — Ali (@ali_charts) November 3, 2025

As XRP’s price fell from over $3.00 to around $2.40, a similar pattern was observed in earlier weeks. Recent reports from CryptoPotato indicate that since late October, there has been a marked decline in transfers from large wallets to exchanges.

Noticing significant drops in transactional activity on October 10, 16, and 25, subsequent days saw continuous low flows.

Technical Insights Indicating Volatility

Crypto analyst CryptoWZRD has highlighted that both the XRP/USD and XRP/BTC pairs recently closed on a bearish note, correlating with an uptick in Bitcoin dominance:

“XRP and XRPBTC both retested their support territory.”

The current market situation for XRP remains volatile, with potential buying support present.

Moreover, Ripple has made headlines by launching a digital asset spot prime brokerage service to facilitate over-the-counter transactions for various digital assets, including XRP.

Lastly, Ripple’s recent acquisition of Palisade aims to extend its custody services to a wider range of clients beyond traditional banks, also capturing fintech companies and crypto-native firms.