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XRP whales sell 30M tokens, triggering price drop amid market uncertainty.

Market News
19 Jun 2026
UToday
View Source
Bearish
pluang ai news

Large XRP holders, known as whales, sold over 30 million XRP tokens within five days, causing a significant price decline from $1.29 to $1.1273. This sell-off coincided with hawkish Federal Reserve comments that dampened market optimism and triggered forced liquidations in derivatives. Despite this, institutional investors continue to support XRP through steady ETF inflows, suggesting the whale sell-off may be temporary and speculative. The next key price support is around $1.05, which will be critical for buyers to watch.

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