Why XRP Price is Below $2 Despite ETF Success, CryptoQuant Reveals

XRP price has remained in Fear territory since October 10th, as large holders continue to sell quietly. Despite all, XRP price has seen a 4% gain today, trading around $1.93, helped by rising interest in XRP ETFs. According to CryptoQuant, the weakness is coming from whale selling, not small investors. 

Does it mean XRP price will rise again?

Whale Inflows Are Driving the Drop

According to CryptoQuant on-chain analyst PelinayPA, wallets holding between 100,000 and over 1 million XRP have been sending large amounts of tokens to Binance. Historically, such inflows often signal intent to sell.

Each time these spikes appear on the chart, XRP tends to form lower highs and lower lows, showing that supply is clearly beating demand.

Importantly, this selling is not aggressive dumping. Instead, it is consistent and controlled, which slowly pushes the price lower over time. With no strong wave of new spot buyers stepping in, the extra supply keeps weighing on the market.

ETF News Turned Into a Sell Event

Many investors expected XRP ETF approvals to spark a strong rally, similar to what happened with Bitcoin. However, CryptoQuant data suggests the opposite played out. Whales who accumulated XRP ahead of the ETF narrative used the news as an exit opportunity.

Despite price weakness, XRP ETFs have already crossed$1.2 billion in net assets within a month of launch. This shows long-term interest is building, even if short-term price action remains under pressure.

Will XRP rise again?

XRP is showing early signs of a possible recovery, but everything depends on how it holds key support levels. Recently, the price bounced near $1.85, a strong support zone where buyers have stepped in before. This bounce came with higher trading volume, showing renewed buying interest.

At the same time, selling pressure appears to be easing. Recent drops have been smaller, suggesting sellers are losing strength. If XRP can stay above $1.85, it could build support near $1.95. A clear move above $2 would further confirm a short-term recovery.

However, the risk is still there. If XRP fails to hold $1.85, the price could slide toward $1.66, or even test the $1.50 level again.