XRP’s current short-term bullish sentiment might be short-lived, as whales appear to show minimal confidence in the asset amid massive offloading.
Specifically, on-chain data indicates that whales have offloaded approximately 500,000 XRP over the past 48 hours, according to insights from Santiment shared on November 8 by crypto analyst Ali Martinez.
In this case, wallets holding between 1 million and 10 million XRP have shown consistent net outflows, signaling mild distribution among mid-sized investors. This move has sparked speculation about the token’s short-term price trajectory as the market digests the sudden increase in supply.
At press time, XRP was trading around $2.28, reflecting a mild retracement from last week’s high. In the past 24 hours, the asset has gained over 4%, while on the weekly timeframe, it remains in the red, down more than 8%.
XRP price prediction
To gauge how XRP might react to the increased whale activity, Finbold turned to OpenAI’s ChatGPT model, which offered several price scenarios to watch.
ChatGPT’s short-term prediction points to a slightly bearish-to-neutral trend, suggesting XRP could drift toward the $2.20 to $2.25 range in the coming days.
Over the next one to two weeks, the model noted that XRP’s direction will likely hinge on whether larger holders continue selling.
If selling pressure eases, analysts expect a rebound toward $2.30 and $2.40, supported by broader cryptocurrency market sentiment and potential retail buying near current support zones. However, if additional wallets unload more than 50 million XRP, the asset could slide toward $2.00 or below.
In the longer term, by the end of 2025, the 500,000 XRP transfer is unlikely to alter the token’s fundamentals. XRP remains poised to test $3 to $3.50 should altcoin momentum strengthen and regulatory clarity improve.
In summary, the model noted that the recent whale activity appears to be routine profit-taking rather than a large-scale coordinated sell-off. While short-term volatility is expected, market sentiment remains broadly stable, suggesting that XRP’s long-term bullish structure is still intact.
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