XRP faces new headwinds as whales embark on a profit-taking spree following its rise back over $3. These whales have now offloaded significant amounts of XRP as observed by crypto analyst Ali Charts.
Meanwhile, data shows that the on-chain activity of the coin has plunged significantly as investors lose confidence. These factors could potentially stir more plunge for XRP as it loses the $3 mark.
XRP Whales Sell 160M Tokens in 14 Days
According to an update by Ali Charts, data by Santiment shows that whales have offloaded 160,000,000 XRP tokens over the last two weeks. As per current prices, this accounts to a total of $480 million worth of XRP as whales take profits. This profit-taking spree has raised concerns across the XRP community as investors worry about the short-term price action.
160 million $XRP sold by whales in the last two weeks! pic.twitter.com/TRT7y5dSA2
— Ali (@ali_charts) September 15, 2025
Normally, large sell-offs by the big market players signals a loss of confidence in the price performance of a coin. For XRP, the case is no different as these whales anticipate the price to either consolidate or plunge further.
While up by 1.47% over the last 7 days, XRP is currently facing a downturn. On the day, the coin has dipped by 3.83% to $2.97, as per data by TradingView. This drop in price confirms that investors are now more cautious.
However, besides Ripple, other cryptocurrencies including Bitcoin and Ethereum are also plunging. BTC has dipped by over 1% while Ether is down by over 3% over the last 24 hours. Nonetheless, XRP’s price drop, while slightly associated with the broader market dip, is more related to negative market sentiment stemming from the whale sell-offs.
Declining On-Chain Activity Spells More Danger
As XRP continues to battle for a recovery above the $3 price mark, on-chain activity shows a grim picture that could spell more doom for the coin. In particular, XRP’s payment volume from one account to another (payment volume) has dipped significantly since the start of September.
As per data by xrpscan, XRP’s payment volume has plunged to 163,837,363 down from 2,155,159,599 recorded on September 1, 2025. The overall trend shows the coin’s on-chain activity has been dipping this month.
Besides the payments volume, the number of payments from one account to another (payment count) has also been declining since Friday 12 September. The network has only managed a total of 340,423 payments on the day. This level is down from 1,0225,131 payments recorded last Friday.
Generally, the XRP network is losing traction amongst investors as the data shows complete mismatch between network potential and real-time demand. While Ripple Labs has been pushing for significant institutional adoption, the price of XRP remains subdued by on-chain performance.
Nonetheless, all hope is not lost for Ripple-backed XRP. A potential rebound above $3 could spark fresh bullish rally potentially pushing the price higher. While the market has been rather sluggish even in the wake of regulatory clarity and ecosystem headlines, bullish sentiment across the general crypto market could lift XRP. But, investors must remain cautious as hinted by whale action and on-chain activity.
