XRP's Price Decline Continues Amid Market Weakness and Large Holder Transfers

XRP's recent price decline is causing concern among investors as it has fallen over 30% in the past month. The altcoin's struggles are attributed to a broader market downturn and escalating geopolitical tensions. Furthermore, large holder transfers have heightened concerns about potential selling pressure.

Data from CryptoQuant shows that whale wallets holding over 1 million XRP transferred 14.49 million XRP to Binance, which is equivalent to $45 million in potential sell pressure. This concentration of inflows among large holders raises concern about the near-term price outlook. However, it's essential to note that simple transfers to exchanges do not confirm immediate selling.

On-chain data also reveals growing stress among XRP holders as realized losses have spiked to their highest level since 2022. Such spikes typically occur when investors sell at prices below their cost basis, reflecting capitulation or panic-driven exits during periods of heightened volatility. Despite the spike in realized losses, Santiment noted that such developments often appear near market bottoms.