Whales have recently intensified their offloading of XRP and Solana, coinciding with mounting pressure from newly imposed U.S. tariffs that are shaking broader crypto market sentiment. These macroeconomic headwinds have accelerated profit-taking among large holders. disrupting the ongoing accumulation trend for both assets. XRP price is struggling to maintain support above $2.92, while Solana faces instability near the $165 zone. With whale dominance fading and external risks escalating, will XRP reclaim $3.5? Can SOL break above $220 in Q3 2025, or is a deeper correction ahead?
Solana has seen major price volatility in the past couple of days, resulting in a drop below $160. Presently, the price has recovered above the range, but the fear of a pullback continues to haunt the SOL price rally. One of the main reasons could be whales booking profits, which diminishes the buying pressure retail traders have been trying to build. The data from Cryptoquant suggests the whales remain passive without placing any trades, as big whale orders have been recorded. On the other hand, XRP also faced a similar action, where the whales offloaded 710 million tokens.
As per the data shared by a popular analyst, ALI, the XRP wallets holding tokens between 100M and 1B have been reducing consistently since the price dropped from the recent highs at $3.6. Although the price attempted to recover, the whale accumulation does not appear to have resumed. A similar event occurred with Solana; as reported by Lookonchain, a whale has deposited 108,016 SOL worth nearly $17.75 million into Okx and Binance.
When a whale stops accumulating or deposits tokens in CEXs, it signals that they could be preparing to sell the tokens or swap them.
The XRP price is undergoing a steep correction as the broader market sentiment has turned bearish, with the BTC price plunging below $114K. The token has broken the support at $3 and is trying hard to defend the next support at $2.9. The RSI is plunging heavily, while the MACD shows a gradual increase in the selling pressure. Bollinger bands are preparing for a squeeze, suggesting a strong price action could follow, but after a brief consolidation. Therefore, the XRP price is believed to experience a strong upward pressure throughout the weekend, testing lows at $2.88.
On the other hand, Solana price plunged hard and entered the support zone between $162.95 and $163.5. It is attempting a strong rebound, but the drop in the buying volume has been preventing it from doing so. On the other hand, the 50-200 day MAs are heading for a bullish crossover, while the RSI has displayed a bullish divergence. This suggests this could be a short-term pullback for the SOL price rally as the bulls continue to hold a tight grip over the rally and eventually reclaim the lost levels above $175 during the weekend.
The crypto markets are on a bullish track, which usually includes a couple of pullbacks, one of which is occurring at the moment. As the markets digest the ongoing pressure led by the U.S. tariffs, the bulls are expected to get stronger and revive a sustained rally towards highs. Therefore, the XRP and Solana price rallies could closely follow the Bitcoin price rally, which is primed to rise over the current highs in the second half of 2025.
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