XRP Defies Whale Sell-Off FUD, Hits $2.60 Amid Buy Signals

Ripple’s cross-border token XRP has defied expectations by posting a 4% increase during a relatively calm weekend, surging past $2.60 for the first time in weeks. This price movement comes despite persistent social media concerns about substantial whale sell-offs, with analytics platform Santiment highlighting the disconnect between market performance and retail fear. The token’s current position at approximately $2.60 represents a significant recovery from recent lows, where on some exchanges XRP had dumped below $1 – a level not seen in roughly a year.

The recent price strength is particularly notable given ongoing reports of whale activity. Data from analyst Ali Martinez showed that whales had disposed of another 70 million tokens in just 48 hours, continuing a trend that began in mid-October when XRP experienced consecutive Friday plunges alongside the broader market. Throughout October, analysts consistently pointed to on-chain data indicating whales were reducing their XRP holdings through massive sales, with almost every correction being attributed to large investors exiting positions. Yet despite this selling pressure, XRP has managed to post impressive gains of 13% since the previous Sunday.

Santiment has characterized the social media panic as FUD (Fear, Uncertainty, and Doubt), advocating for a contrarian approach to XRP trading that aligns with Warren Buffett’s famous investment philosophy of buying when others are fearful and selling when they are greedy. The analytics platform has identified specific crowd sentiment patterns that serve as reliable trading signals for the cryptocurrency. According to Santiment’s analysis, when the crowd begins speculating about XRP potentially dropping below $2, this typically represents a buy signal, while expectations of the token surging past $3 often indicate it’s time to consider reducing positions.

This contrarian framework becomes particularly relevant during XRP’s current $2-$3 price stretch, where Santiment’s data shows high crowd predictions of XRP falling under $2 actually serve as bullish indicators. The platform’s analysis demonstrates that the overall market belief currently leans toward XRP heading for a substantial correction, which according to their model suggests potential buying opportunities rather than reasons for panic. This approach helps explain why XRP has continued to gain despite negative social media sentiment and whale selling activity.

The resilience shown by XRP in the face of both whale selling and negative social media sentiment highlights the complex dynamics driving cryptocurrency markets. While substantial investors have been reducing their positions throughout October – with notable sell-offs occurring on consecutive Fridays October 10 and 17 – the token has demonstrated an ability to absorb this selling pressure and continue its upward trajectory. This pattern suggests that other market forces, potentially including retail accumulation or institutional interest, are providing sufficient support to counter whale disposals.

Santiment’s identification of social media FUD as a factor that hasn’t prevented underlying asset gains indicates that market participants may be becoming more sophisticated in distinguishing between genuine fundamental concerns and temporary sentiment-driven panic. The 13% weekly gain achieved despite the sale of 70 million tokens by whales in a 48-hour period particularly underscores this market maturity. As XRP navigates the crucial $2-$3 range, Santiment’s crowd sentiment indicators provide a valuable framework for understanding when fear or greed might be driving price action versus fundamental developments.