The crypto market took a heavy hit on February 25, and Ripple’s native token, XRP, was one of the biggest victims. The price plummeted to a low of $2.07, according to CoinMarketCap, before slightly recovering to the current $2.26. However, XRP is still down 13% on a weekly basis.
Several signs suggest that the bears may hold the reins in the short term. Ali Martinez, a well-known name on X, reported that whales have dumped a whopping 370 million XRP in the past 96 hours. At the current rate, this amounts to a value of more than $830 million.
Such massive sales increase the supply on the market, which can increase the downward pressure on the price and possibly indicate a lack of confidence among major players. These kinds of movements can also encourage smaller investors to sell.
Martinez also pointed out the TD Sequential indicator, which shows a sell signal on the bi-weekly chart. This hints at a possible further correction in the near future.
Despite these bearish signals, there are also reasons to be optimistic about XRP. The token’s Relative Strength Index (RSI) has dropped in recent hours and is approaching the bullish zone below 30. An RSI below this level suggests that XRP could be oversold, which is often a sign that a price increase is on the way. For comparison: an RSI above 70 is seen as a bearish signal.
Another positive factor is the chance of an approved spot XRP ETF in the US. Big names such as Grayscale, Bitwise and 21Shares have announced plans in recent months to launch ETF products. The SEC has taken these applications under consideration, and according to Polymarket, the chance of approval before the end of 2025 is around 72%. An ETF would make it easier for investors to invest in XRP without the hassle of wallets or exchanges, which could attract more capital to the ecosystem in the long term and possibly give the price a boost.
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