The post XRP Price Surge Reflects Reduced Whale Selling and Growing Investor Demand Amid Tax Incentives appeared on BitcoinEthereumNews.com.

XRP price surged over 20% in early May as whale wallets significantly reduced their long-standing selling pressure. On-chain metrics show a positive net flow trend and rising investor demand, with daily trading volume surpassing $10 billion. Missouri’s crypto tax break and increased wallet creation fuel optimism, signaling potential for sustained XRP market recovery. In early May, XRP surged over 20%, driven by reduced selling pressure from whales, indicating a potential market recovery. XRP Whales Halt Sell-Offs, Signaling a New Phase in Price Movement According to CryptoQuant, XRP whales aggressively sold off their holdings in early 2025, pushing net flows deep into negative territory. It indicates that large investors capitalized on high liquidity and price momentum to exit their positions. Their selling pressure prevented XRP from climbing beyond $3.38 and caused it to plunge over 50%, down to $1.60 in April. However, recent data suggests a shift in momentum. Kripto Mevsimi’s analysis shows that large-scale selling has nearly stopped. The 30-day moving average Whale Flow chart reveals an upward trend in net flow bars, which indicates a significant reduction in selling pressure. Although this isn’t a full reversal yet, Mevsimi remains optimistic. “Whale flow reversals often precede sustainable recoveries. This shift may offer early signals of a base-building phase. Combined with resilient prices, this flow inflection is worth watching closely,” Mevsimi said. Beyond on-chain metrics, other market indicators also look promising. According to CoinMarketCap, XRP’s daily spot trading volume has more than doubled, exceeding $10 billion, reflecting rising investor demand. Notably, community sentiment on CoinMarketCap is high. Around 88% of investors expressed a positive outlook on XRP. Additionally, Santiment data reveals an 11% increase in XRP-holding wallets in 2025 alone — proof of growing community interest. Santiment explained this rising interest by pointing to Missouri’s approval of House Bill 594, which…

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Filed under: News - @ May 13, 2025 8:26 pm