XRP is definitely grabbing attention this month, especially with a significant jump in whale activity across its network. Interestingly, recent reports are showing that XRP whales have actually offloaded over $700 million worth of tokens just in April! This sudden change in tactics from these major players has everyone wondering – what exactly are they planning?

XRP Whales Offload 370 Million Tokens In April

On April 15th, well-known crypto analyst Ali Martínez reported on X (formerly Twitter) that XRP whales have started selling off large amounts of this popular crypto. After a period where these big investors were actively accumulating tokens, they’ve now sold over 370 million XRP just since the start of April.

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This massive whale sell-off is worth over $700 million, which has naturally sparked a lot of speculation about why they are making such a move. What’s even more intriguing is that these XRP dumps seem to be happening around the same time as recent price changes, and as we know, whale activity can significantly sway the market, especially during a downturn.

The Santiment chart shared by Martinez clearly shows a trend between April 3rd and 14th, 2025: XRP wallets holding a massive 100 million to 1 billion tokens have significantly reduced their holdings. As this large-scale dumping by whales continued, the price of XRP dipped to new lows around April 8th, before starting a steady climb back up to $2.1 at the time of this report.

While the exact reasons for such large-scale selling are unclear, there are some reasonable possibilities. It’s possible whales are taking advantage of previous price increases to secure their profits while XRP market conditions are still relatively stable. Alternatively, these investors might be reacting to increased market volatility, prompting them to move their assets into different investments to reduce risk and protect against potential losses.

Another thought is that these major players might be simply moving tokens between their own wallets or transferring them to exchanges in anticipation of a major upcoming event—perhaps the long-awaited final legal outcome between Ripple and the United States Securities and Exchange Commission (SEC). On a less optimistic note, this kind of coordinated whale activity, known to influence prices, could also be a sign of market manipulation, often with the goal of achieving strategic advantages.

Even though we can’t be sure which of these reasons, if any, are behind the recent whale dumps, one thing is certain: significant XRP movements by large holders always deserve our attention. With XRP currently priced around $2, the market is keenly watching to see how these sell-offs will ultimately impact the future price of the cryptocurrency.

Update On Latest XRP Price Action

According to crypto analyst Andrew Griffiths, the latest XRP price analysis suggests a distinctly bullish trend. This positive momentum began after the cryptocurrency broke through two important resistance levels and established a strong support level, indicating potential for further upward movement.

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As a result of this positive setup, the analyst predicts that XRP might experience a substantial surge of over 20% in the weeks ahead. With the token currently trading at $2.10, a 20% increase would push it towards approximately $2.589. Looking at the upward trend within the Ascending Channel visible on the price chart, the analyst even suggests XRP could potentially climb as high as $3.3.

Featured image from Pixabay, chart from Tradingview.com