XRP dumping fears gripped the market on February 17, after automated whale trackers fired off 310 sell-side alerts within just six hours. The volume was hard to ignore. Nearly 310 million XRP moved through the order book in a single session, all traced back to one wallet linked to Bitstamp.
So is this a coordinated XRP Dumping? A selloff? Or just noise?
Let’s break it down.
What the On-Chain Data Actually Shows
A single wallet placed and canceled sell orders of roughly 1 million XRP every 15 to 30 seconds. It did this repeatedly for hours.
That behavior is called layering or spoofing in traditional finance. The wallet floods the visible order book with large sell pressure, then pulls the orders before they execute. It messes with market depth perception without necessarily moving all that XRP.
Not all 310 million tokens were sold outright. But the psychological pressure was very real for retail traders watching the charts.
Also Read: XRP ETF Inflows Jump $10.6M – Is Smart Money Loading Up?
Is XRP Dumping or Is This a Whale Game?
Is XRP dumping in the traditional sense? Not exactly.
Several flagged wallets were tied to exchange-linked institutional participants. Bitstamp, in particular, regularly handles large OTC-style flows. Others had zero exchange association, making the motive less clear.
When XRP dumping alerts stack up this fast, retail panic tends to follow. That is likely the point. Shaking out weaker hands without committing to a full sell is a classic whale playbook.
Still, the XRP dumping narrative has real legs right now because the price structure backs up the fear.
XRP Price Structure Stays Weak
XRP currently trades in a tough technical spot. Support sits near $1.21, but the asset has struggled to hold above $1.45 in recent sessions. Resistance around $1.56 has rejected multiple recovery attempts.
The coin moves sideways between $1.40 and $1.55. That’s consolidation, not a clean reversal signal. For bulls to reclaim control, XRP needs a decisive close above $1.55 and a follow-through push past $1.67.
Until that happens, every XRP dumping scare like this one carries extra weight in the market.
Also Read: Ripple Price Prediction – Will XRP Hit $10 In Next Bull Run?
What Next?
If that $1.21 support breaks, the next major buy zone sits in the $1.19 to $1.36 band. That’s where prior accumulation happened. A flush to those levels would hurt short-term holders but could attract fresh institutional interest.
XRP dumping fears won’t vanish overnight. The SEC vs Ripple legal saga continues to create background noise, and broader crypto sentiment tied to Bitcoin’s direction plays a role here too. Watch Bitcoin. If BTC holds above key support, XRP likely stabilizes.
The whale activity was dramatic but probably more tactical than desperate. Keep that in mind before making any moves.
Is XRP dumping right now?
Not in a straight-line crash. The 310 sell alerts came from a single wallet using order placement and cancellation tactics. Actual selling volume was partial, not the full 310 million XRP.
Who triggered the 310 sell alerts?
XRPL validator tracking identified a wallet associated with Bitstamp. However, not all flagged wallets had clear exchange links.
What price level should XRP hold to avoid a bigger drop?
The critical support is around $1.21. Below that, the $1.19 to $1.36 zone becomes the next battleground.
Should I panic sell during whale activity like this?
Panic selling during spoofing activity typically benefits the whale, not retail traders. Always do your own research and assess risk carefully.
Also Read: Can XRP Cross $3 Soon? As New XRP ETF Approved For NYSE Listing
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