Daily liquidations of XRP token hit a record $ 300 million amid growth of the crypto market

Despite the large-scale sales by large investors, the XRP token XRP $2.03 XRP -0.31% Market capitalization $122.25 billion VOL. 24 hours $94.88 million rose sharply by almost 9% to reach $ 2.15. According to analysts, in the last 48 hours alone, the so-called «whales» — large cryptocurrency holders — have sold about 150 million XRP worth more than $ 300 million. At the same time, the market has demonstrated unexpected resilience: demand has been so strong that it has completely absorbed this supply.

Analyst Ali Martinez’s data shows that wallets holding between 1 and 10 million XRP reduced their holdings the most. This may indicate a redistribution of assets among major players or a change in their strategies. Nevertheless, the market reacted with growth, which may indicate the active entry of new investors ready to buy back the tokens withdrawn by the whales.

The main driver of the recovery is considered to be institutional demand, which increased after the launch of the first spot ETFs on XRP in November. According to BlockNews, the funds show stable inflows, attracting capital from large investors and hedge funds. This has become a factor that has offset the pressure from sales in the market.

Analysts suggest that Ripple continues to increase interest in the token through new technical developments and expanding partnerships. Against this backdrop, XRP is once again seen as one of the potential contenders to break through the $ 3 level — for the first time since early 2021.

Despite the volatility and partial corrections of recent months, the growth in demand from ETFs and overall market activity suggest that institutional investors are returning to XRP. If the trend continues, the token could maintain its uptrend even despite further sales by major players.