XRP whale sell-off of ~440M tokens pushed price toward the crucial $2.72 support, with MVRV sliding and NVT spiking — on-chain metrics point to waning optimism but a defended floor could trigger a bounce to $3.08.
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Massive whale exits hit near-term sentiment and price support.
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On-chain MVRV fell to ~2.2 while NVT surged to ~393, signaling weaker network profitability.
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Persistent defense at $2.72 is key: a breakdown risks $2.39, while a rebound may reach $3.08.
XRP whale sell-off pressures price toward $2.72 support — on-chain MVRV and NVT warn of fading optimism. Read analysis, levels, and trade signals now.
What does the 440M XRP whale sell-off reveal about market sentiment?
The 440 million XRP distribution highlights elevated selling pressure and reduced conviction among large holders. On-chain flows show concentrated outflows from whale addresses, translating into short-term liquidity stress and a more defensive stance among traders.
How severe is the selling pressure and what metrics back it up?
MVRV (Z-Score) declined to about 2.2, indicating lower average holder profitability. Concurrently, the NVT ratio spiked to roughly 393, which suggests valuation is outpacing on-chain transaction utility.
Together these metrics point to diminishing network strength and an increased probability of transient corrections until demand re-emerges.
Will XRP’s $2.72 support hold amid whale pressure?
XRP has repeatedly tested and defended the $2.72 zone since August, making it the immediate line in the sand for bulls. Price consolidation around $2.80 and support rebounds historically led to short-term recoveries toward $3.08.
If sellers overwhelm bids, the next structural support sits near $2.39. Traders should watch volume and block-sized on-chain transfers for confirmation of either outcome.
Source: TradingView (price chart)
What do on-chain indicators signal about investor behavior?
On-chain data shows weaker accumulation and slowing transaction growth. Large transfers from whale windows correlate with price weakness, while smaller address inflows remain muted.
Historically, dips from similar MVRV/NVT constellations produced rebounds if retail and mid-size accumulation resumed. For now, the signals favor caution.
How should traders interpret MVRV and NVT readings?
MVRV of ~2.2 reflects lower unrealized gains across holders, reducing the margin for bullish conviction. High NVT (~393) implies valuation exceeds transactional demand.
Practically, traders should use these readings to anticipate higher volatility and wait for confirmation from volume or renewed on-chain activity before scaling into long positions.
Key Takeaways
- Whale pressure: ~440M XRP sold, increasing short-term downside risk.
- On-chain stress: MVRV ~2.2 and NVT ~393 signal weak profitability and stretched valuation.
- Critical levels: $2.72 support is decisive; breakdown risks $2.39, rebound targets $3.08.
Frequently Asked Questions
How much XRP did whales sell in the last 30 days?
Whales distributed approximately 440 million XRP over the past 30 days, moving large balances into exchanges and OTC windows and increasing market sell pressure.
What on-chain metrics indicate overvaluation?
Elevated Network Value to Transaction (NVT) ratio — near 393 — suggests market capitalization growth outpaced transaction activity, a classic signal of reduced transactional demand relative to price.
Can XRP rebound quickly from $2.72?
Yes. Historical patterns show buying interest around $2.72. A rebound to $3.08 is possible if volume supports the move and whale outflows slow.
Who provided the data for this analysis?
Price and chart data reference TradingView; on-chain metrics are consistent with Santiment and COINOTAG analytics (sources cited as plain text).
What should investors watch next?
Monitor large address flows, exchange inflows/outflows, MVRV and NVT trends, and price-volume confirmation at $2.72. Those signals will clarify whether accumulation or further distribution dominates.
Conclusion
XRP’s recent whale sell-off has materially increased near-term risk, but the repeatedly defended $2.72 level remains the primary technical pivot. Combined MVRV and NVT readings favor caution, yet historical rebounds from similar setups leave room for a short-term recovery toward $3.08 if buying resumes. Track on-chain flows and volume to time entries and risk management.
Published: 2025-10-09 | Updated: 2025-10-09 | Author: COINOTAG
Fading investor optimism
MVRV decline shows fewer holders are in profit, reducing conviction for fresh accumulation. That decline matched prior cycles where rebounds occurred only after renewed buying interest.
Source: Santiment (on-chain metrics)
Rising NVT ratio hints at overvaluation
NVT at ~393 highlights stretched valuation relative to transactional use. Spikes in NVT have historically signaled short-term pullbacks unless transaction activity rebounds quickly.
Source: Santiment
Can XRP defend its crucial floor?
Repeated buys near $2.72 indicate active demand zones. If buying resumes, momentum toward $3.08 is plausible. If not, downside to $2.39 becomes the primary risk scenario.
