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XRP spot ETF funds are sufficient, why is the price still weakening? Behind it is continuous suppression by whales.
【Crypto World】Since the launch of the XRP spot ETF, the managed asset size has surpassed $1.14 billion, with net outflows at zero. From this perspective, institutional investors’ enthusiasm for participation is quite good. However, while ETF data looks positive, the price trend of XRP is contradicting—highs and lows are getting lower, showing a continuous weakening pattern.
What do on-chain data say? Whales are desperately depositing XRP on Binance, with single transfers often exceeding 100,000 to 1 million tokens. This sustained supply of such scale has been suppressing the price throughout December, completely overpowering ETF buying pressure. In simple terms, institutions want to bottom fish, but whales keep dumping, and these two forces are pulling in opposite directions.
Currently, the price is stuck between two key levels—$1.82-$1.87 is a short-term defense line, and below that is the support zone at $1.50-$1.66. To truly stop the decline and rebound, two things are needed: first, whale deposit flow on exchanges must significantly decrease, and they should stop dumping so aggressively; second, attracting new spot investors to enter the market to increase buying volume. Otherwise, this tug-of-war will continue.