On-chain data shows an XRP whale dump of roughly 700 million XRP—about $1 billion—moved from 10M–100M-XRP wallets, driving price from $3.35 to $2.85 on Aug. 20 and turning $3.10 from support into resistance.
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Whales moved ~700M XRP (~$1B) from large wallets (10M–100M XRP)
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Price fell from $3.35 to $2.85; $3.10 is now resistance and $2.80 is the next critical support.
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Order books show lighter liquidity for XRP while Bitcoin and Ethereum showed no comparable supply shock.
Meta description: XRP whale dump: on-chain data shows ~700M XRP (~$1B) moved from whale wallets, pressuring price below $3. Read analysis, key levels, and next steps.
What caused the XRP whale dump?
XRP whale dump activity was recorded when wallets holding between 10 million and 100 million XRP moved about 700 million XRP, per on-chain tracking. The most likely drivers are profit-taking after July’s rally, cross-network transfers, or exchange conversions, all visible in transfer volumes and order-book weakness.
How large was the transfer and which wallets were involved?
On-chain monitoring by Ali Martinez and COINOTAG analysis show the transfers originated from whale-range addresses (10M–100M XRP). Total outflow since early August approximates 700 million XRP—valued at just over $1 billion at the time of the moves.
Exact flows include: consolidation into fewer addresses, on-chain swaps, and moves that matched spikes in sell-side order activity. These transfers produced an immediate price reaction: XRP dropped from $3.35 to $2.90, briefly tagging $2.85 on Aug. 20 before a partial recovery.
How does XRP’s supply shock compare to Bitcoin and Ethereum?
Comparative on-chain indicators show this was XRP-specific: BTC and ETH did not register a similar large-wallet exodus during the same window.
| Asset | Notable Whale Moves | Price Impact (short-term) |
|---|---|---|
| XRP | ~700M moved from 10M–100M wallets | Fell from $3.35 → $2.85 |
| Bitcoin (BTC) | No comparable consolidated outflow | Minor price reaction |
| Ethereum (ETH) | No large coordinated whale exits reported | Minimal short-term impact |
Why did the market react so sharply?
The market reaction was driven by concentrated supply leaving whale-range addresses. This created immediate selling pressure against thinner order books and flipped technical levels—most notably $3.10—from support into resistance.
While motives vary (profit-taking, exchange routing, cross-chain swaps), the observable fact is the volume and timing of transfers coincided with the price decline.
When do key levels matter and what are they?
Right now, $3.10 is resistance. Watch $2.80 as the first line of defense; if that breaks, the summer base near $2.50 becomes the next technical target. Short-term traders should size risk with these bands in mind.
Frequently Asked Questions
Did the whale dump originate from exchanges?
On-chain traces show moves from large wallets but do not conclusively map all destinations to exchange deposits. Some flows appear to consolidate into other addresses, while others matched spikes in sell orders.
Is this likely to trigger a longer bear phase for XRP?
Fact-based analysis shows this is a significant short-term shock, not definitive evidence of a long-term trend. Sustained selling or a broader market downturn would be required to confirm a protracted bear phase.
Key Takeaways
- Whale outflow quantified: ~700M XRP (~$1B) moved from 10M–100M wallets.
- Price structure shifted: $3.10 is now resistance; $2.80 is critical support.
- Asset-specific event: BTC and ETH did not show the same supply shock—monitor order books and on-chain flows for further signals.
Conclusion
COINOTAG analysis of on-chain data shows a clear XRP whale dump that materially affected price levels, flipping prior support and exposing new downside risk. Traders should monitor on-chain flows, order-book depth, and the $2.80/$3.10 bands for near-term guidance. For continuous updates, check COINOTAG’s market coverage and on-chain reports.
Published: 2025-08-20 — Author/Organization: COINOTAG — Updated: 2025-08-20
