The XRP price has slipped nearly 4.7% this week, now hovering around $2.80. While that may look like a routine pullback, on-chain data reveals something deeper. Large holders and long-term investors are trimming exposure, hinting at fading conviction in the short term.
Still, one technical signal on the chart suggests that not all is lost if XRP manages to hold above a critical support level.
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Whales And Hodlers Trim Positions As Selling Pressure Builds
Whale activity has turned cautious. Over the past 24 hours, XRP wallets holding between 10 million and 100 million tokens cut their combined supply from 7.95 billion to 7.93 billion XRP.
This is a reduction of about 20 million tokens, which are worth roughly $56 million at the current XRP price of $2.80.
At the same time, long-term holders have been offloading steadily since early October.
Data from the HODLer Net Position Change, which tracks the monthly accumulation or distribution among long-term investors, shows holdings dropped from 163.68 million XRP on October 2 to 137.78 million XRP, an approximate reduction of 25.89 million tokens, or about $72.5 million in value.
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Combined, this amounts to around $130 million worth of selling pressure in less than a week. The outflow aligns with XRP’s 4.7% weekly decline, signaling that both whales and hodlers are de-risking rather than adding exposure.
Hidden Bullish Divergence Offers One Last Hope For XRP Price
The selling by key groups is also visible on the chart. The XRP price continues to trade under a descending trendline (on the 12-hour chart), forming a descending triangle, a structure that typically signals growing bearish pressure.
Still, amid the sell-off, one technical formation could offer a glimmer of hope.
On the 12-hour chart, XRP has formed a hidden bullish divergence, a setup where the price makes higher lows while the Relative Strength Index (RSI), which measures momentum, makes lower lows.
This divergence often indicates that selling pressure is easing, suggesting that the broader uptrend might continue if support holds.
For XRP, that key level sits at $2.77, the low from September 27. If the 12-hour candle stays above that mark, it could validate the divergence. That would open a path toward $2.95 and $3.09, where previous rallies took support and were rejected, respectively.
However, if the price falls below $2.77, the divergence theory will lose weight. And then sellers could push XRP toward $2.69 or even lower.
For now, the XRP price stands at a crossroads. Heavy selling has clouded sentiment, but one crucial technical signal still leaves a narrow window for recovery.
