XRP Price Faces Whale Selling as ETFs Pull in $28M

XRP's price has been trading near $1.44 after a recent bounce, but it appears that large wallets are selling their holdings into this strength.

The situation is unusual, as XRP was the standout performer last week with a 53% rally to $1.70 before sliding back down to around $1.40 at the start of this week.

Despite this downturn, ETF-linked products tracking XRP have seen fresh inflows of $28 million.

On-chain trackers have flagged elevated whale transaction volume off exchanges like Binance, which some read as accumulation and others see as distribution.