Commenting on the XRP Volatility Market, 'whales' dumped the last $400 Million in XRP over a 2 day period. Accounting For the last few Spot XRP ETFs, the major issuances dumped in light of the 'whales' last sell on the Spot ETFs.

Finally, the whales' extreme selling profit pressures confirmed the XRP market sell-the-news reaction.

The dollar value of the dumped quantum of <a href="https://www.cryptoknowmics.com/news/xrp-poised-for-bullish-breakout-as-bitwise-etf-launch-galvanizes-market/">XRP</a> and the axial speed of profit determination reflected the selling of XRP ETFs as exit liquidation for early investors.
<h2>Profit Taking Clash of the Titans</h2>
[embed]https://twitter.com/ali_charts/status/1991461266842427823[/embed]

The $400 Million XRP dumped across various exchanges represents the latest in profits driven by the renewed regulatory clarity, coupled with the ETFs seamless economic game changing for XRP. NFTs for regulated XRP Products are positively game changing structural bullish in the long run. However, the net result with major profit taking is a market shakeout.

The activity surrounding these whales has once more created a negative feedback loop: massive institutional inflows into the market via the ETFs is countered with major selling pressure from long-term holders, inciting price depreciation. This active distribution has caused a cascade of temporary mispricings, resulting in the token selling from its highs in a multi-week stretch.
<h2>A Test of Market Resilience</h2>
Despite the outpouring of negative market sentiment, XRP has been able to show resilience in protecting its critical levels. The substantial volume offloaded has shown market participants to be more active and not disengaged. The market is therefore characterized by aggressive participation in the price range.

Given the volume of photographs taken, the contest between profit-taking short-term holders and institutional buyers is one of the more important challenges the asset faces. Analysts therefore reason that provided the price manages to maintain key levels of support, the more the whale selling pressure is likely to recede, with the selling pressure from active buyers sustaining a further impulsive price modification.

$400 Million XRP Offload Hits Market as Whales Take Profits Post-ETF Launch

A $400 million offload of XRP tokens hit the market over two days, driven by whale selling and profit-taking following the debut of new XRP ETFs.

$400 Million XRP Offload Hits Market as Whales Take Profits Post-ETF Launch

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