The post 310 Sell Alerts in 6 Hours: Single Wallet Floods XRP Order Book With 310M Tokens appeared first on Coinpedia Fintech News
Heavy order-book activity has been recorded on the XRP Ledger (XRPL) after automated monitoring systems detected 310 sell-side whale alerts within six hours, most of them linked to a single wallet associated with Bitstamp. The activity comes at a time when XRP price action remains weak and locked inside an important consolidation range.
One Wallet Generated Hundreds of Rapid Sell Orders
According to an XRPL validator tracking whale movements, a single wallet repeatedly placed sell orders of roughly 1 million XRP, canceled them, and then replaced them every 15 to 30 seconds. In total, nearly 310 million XRP moved through the order book from that address during the monitoring period.
Analytics systems flagged the activity automatically based on large order-book movements tied to specific wallet addresses. Some flagged wallets were exchange-linked institutional participants, while others had no exchange association or identifiable reputation, suggesting mixed participation across the order flow.
Such repeated placement-and-cancellation activity does not always represent actual selling volume. In many cases, it mainly changes the visual depth of the order book and can influence trader sentiment rather than immediately pushing prices lower.
XRP Price Structure Remains Weak Despite Activity
XRP price action continues to trade within a sensitive technical region where the market has not yet confirmed a clear local bottom. The asset is holding above a major support area near $1.21, but upside momentum has remained limited.
Attempts to move above the $1.56 resistance zone, which aligns with a key Fibonacci retracement level, were rejected, showing that buyers have not yet regained control. In the short term, XRP has been moving sideways between micro-support around $1.40–$1.45 and micro-resistance between $1.49–$1.55, signaling consolidation rather than a confirmed reversal.
Stronger upside confirmation would require a decisive move above $1.55, followed by a break above $1.67, which would indicate improving momentum. Lower support remains in the $1.19–$1.36 region, an area that previously attracted buying interest.
