- Ali Martinez (ali_charts) published an X post to share that whales sold 40M XRP tokens over 24 hours.
- BTC tokens transferred earlier were collectively valued at $115,162,833 at the time of transfer.
- This has triggered anticipation for a price correction.
A crypto analyst, Ali Martinez, reported that whales sold XRP in huge quantities over the last 24 hours. Ripple’s token has sustained gains for now, but some anticipate that the price may decline in the days to come. Prevailing bullish sentiments may be under the update regarding Canara’s XRP ETF as the token aims the $1k milestone.
Whales Sell 40M XRP Over 24 Hours
Crypto analyst Ali Martinez, also known as Ali_Charts on X, reported that whales sold 40 million XRP tokens. This happened over 24 hours, igniting anticipation about a price correction. Interestingly, this is not the only movement by whales that has happened recently. The most updated information posted by Whale Alert pertains to transferring 1,000 BTC to an unknown wallet. Their value is estimated to be $115,162,833 at the time of transfer.
Whales sold 40 million $XRP in the last 24 hours! pic.twitter.com/XCQTr4n6cf
— Ali (@ali_charts) September 12, 2025
The XRP-related update comes at a time when reports about Canary’s XRP ETF reaching DTCC surfaced. DTCC platform reportedly listed Canary’s XRP ETF and Canary’s Hedera ETF, along with Fidelity’s Solana ETF. While the final call will be taken by the US SEC, getting listed on DTCC platform has sparked bullish sentiments for the approval.
XRP Sustains Gains
XRP continues to sustain gains with the most updated uptick of 0.95% in the last 24 hours. XRP was seen exchanging hands at $3.03 while writing this article. This further reflects a surge of 8.93% in the last 7 days. The 24-hours trading volume is up by 35.86% to $5.75 billion, with an uptick of 0.95% in its market cap.
However, anticipation of XRP price correction remains relevant. The price is predicted to slightly decline by 0.49% in the next 5 days and 0.74% in the next 1 month, from its current value. Ripple token is being traded amid the volatility of 4.25% and the 14-day RSI of 53.51 points. The 50-Day SMA and the 200-Day SMA are $3.02 and $2.25, applicable in the same order. Overall, bullish sentiments for Ripple XRP are backed by the FGI rating of 54 points.
That said, it is important to note that crypto trading and investment is subject to fluctuations. Thorough research and risk assessment are imperative before investing and/or trading cryptocurrency.
$1k Projection for XRP
It was earlier reported that the XRP price could breach the mark of $1,000. This was based on the projection stated by Armando Pantoja, known as _TallGuyTycoon on X. Armando had drawn this projection in alignment with the price chart of BTC, wherein the flagship token reached the said mark in 8 years.
Armando added that the Ripple Vs. SEC lawsuit was previously holding XRP back to a lower value. The settlement of the case, he further noted, felt like a fresh start.
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