XRP Whales Dump 40M Tokens, Price Holds $3

Key Notes

• Market whales dumped 40 million XRP worth $120 million in one day.
• XRP price climbs to $3.04, the highest since late August.
• SEC delayed decision on XRP ETF, adding new regulatory uncertainty to the market.

Large investors sold about 40 million XRP

XRP
$3.04



24h volatility:
1.4%


Market cap:
$181.37 B



Vol. 24h:
$5.35 B

in the past 24 hours, putting pressure on the market.

Despite this significant outflow, the price of XRP stayed above the key $3 support level and even managed a mild rally, surprising many traders.

XRP Whale Selling Meets Market Strength

Ali Martinez wrote on X that whales sold 40 million XRP in the past 24 hours, worth over $120 million.

Large moves like this often trigger sharp declines as smaller traders react, but in this case, the market held steady.

This time, things played out differently. Instead of falling below the $3 support line, the XRP price moved higher.

The coin touched $3.04, its best level since late August when it last traded for $3.12 before slipping back under $2.85. Holding steady after such a heavy wave of selling has caught the eye of many in the market.

At the time of writing, XRP trades at $3.04, a price that is up 0.83% for the day and nearly 7.63% in the past week. The market value of the coin has now passed $181.37 billion, keeping it as the third-largest digital asset.

The ability to stay strong in the face of selling shows that demand for XRP has grown, and that the market may be more stable than in past cycles.

Beyond the recent whale dumping, XRP reserves have reached a seven-month high.

Focus Turns to Next Move and SEC Delay

With the $3 support level holding strong, many analysts believe XRP may be poised for another upward move. Some see targets between $4 and $5 if momentum continues.

If that happens, it would mark a new all-time high for the coin. The reaction to whale selling gives hope that the XRP price has support from a broad base of buyers, not just short-term traders.

One major factor hangs over the market. The U.S. Securities and Exchange Commission (SEC) has delayed another decision on a proposed XRP ETF.

Recently, Bloomberg analyst Eric Balchunas said XRP ETF approval is possible in September or October.

However, this setback means more waiting for market participants who hope to see an exchange-traded product tied to XRP.

For now, traders are left to watch the charts. The key question is whether XRP can keep $3 as a firm base or if more selling will test that line again.

Snorter Bot Hits $3.8M in Presale and Gains Major Buzz in Crypto Market

With whale activity in XRP catching attention, Snorter Bot is turning heads in the crypto market, gaining traction among bold retail traders. Its presale has already raised over $3.8 million, highlighting strong investor interest.

The qardvark-themed Snorter Bot is now one of the top crypto presales of 2025. With staking rewards reaching up to 120% APY, it offers huge potential for long-term investors.

Designed to simplify trading decisions, Snorter Bot scans the market for high-profit opportunities, helping traders navigate crypto with ease and confidence.

Current Presale Stats of Snorter Bot

Current price: $0.1041

Amount raised so far: $3.87 million

Ticker: SNORT

The official presale website indicates that the token price is set to be adjusted within the next 2 days. Make sure you check it out to stay updated with the Snorter Bot launch date.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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