Why Is XRP Price Crashing Today? Hint: Blame the Whales

• XRP slides as whale selling accelerates, pushing the price below key $1.92 support and raising downside risks.
• Traders are shorting XRP as analysts warn of a potential drop toward $1.
• Despite the sell-off, pot XRP ETFs see steady inflows, now exceeding $1 billion.

XRP is under pressure today as selling activity intensifies across the market. The token is trading around $1.87, down 3% in the past 24 hours. On a broader timeframe, XRP is now down 7.14% for the week and has lost about 15% over the past month.

A major factor behind XRP’s decline is aggressive selling by large holders. Analyst Ali Martinez recently warned that XRP could slide as low as $1 if current selling pressure continues.

According to Martinez, whales have offloaded approximately 1.18 billion XRP over the past four weeks. Data shows that large wallets held around 4.8 billion XRP on November 24, but that figure has since dropped to about 3.62 billion XRP. This steady distribution has added significant downside pressure to the price.

Key Support Levels Breakdown, Road to $1?

The sustained sell-off pushed XRP below the important $1.92 support level, which previously acted as a short-term floor. Martinez believes failure to reclaim this zone increases the risk of a deeper correction.

He believes XRP could revisit the $1 level if the bearish momentum persists. Notably, XRP last traded near $1 in mid-November 2024 during a bull frenzy that later saw it reach $3.66 by July 2025. The coin is now down 50% since that peak.

Investor Shorts XRP Despite $100 Prediction 

Adding to the bearish pressure, widely followed investor ChartFu revealed that he has taken a short position in XRP. His comments sparked mixed reactions, with some analysts questioning the move while others suggested better buying opportunities may emerge at lower levels.

Interestingly, the bearish market calls come as entrepreneur YoungHoon Kim, who claims the world’s highest IQ, has expressed bullish views on XRP. He recently suggested that higher-IQ investors are more likely to hold XRP and has floated long-term price targets as high as $100.

Related: ‘IQ 276’ XRP Prediction Sparks Debate: Can XRP Really 10x in Two Weeks?

However, veteran traders like Peter Brandt remain skeptical, arguing that XRP bulls often underestimate risks. Supporters counter that XRP appeals to investors focused on payments infrastructure, liquidity, and regulatory clarity, rather than short-term hype.

ETF Inflows Offer a Counter Narrative

Despite the sell-off from whales and rising bearish sentiment, XRP still has strong supporters. Spot XRP ETFs continue to record steady inflows, with no reported outflows so far.

Related: XRP ETFs Sustain Positive Inflows for 30 Days Straight: Bullish?

Since launching in November, XRP ETFs from firms such as Grayscale, Bitwise, 21Shares, Canary, and Franklin have attracted roughly $1 billion in total inflows, with total assets now sitting above $1.14 billion.

Some investors believe sustained institutional demand through ETFs could eventually offset whale selling and set the stage for a rebound, similar to what Bitcoin and Ethereum experienced earlier this year.

For now, XRP remains caught between heavy selling pressure and strong institutional inflows, leaving its short-term direction uncertain.