Fresh accusations of market manipulation are surrounding XRP after a wave of unusual whale activity triggered sharp liquidity shifts across major exchanges. On-chain analysts claim that large XRP holders may be strategically moving billions of tokens to influence price action, target leveraged positions, and exploit weak liquidity zones during critical market sessions.
Is XRP Becoming A Whale-Controlled Market?
XRP whales have now confirmed strategic manipulation of liquidity, turning what appears to be resistance into a calculated market trap. A crypto trader and investor known as Cheeky Crypto on X noted that as XRP tests the $1.45 resistance level for the fourth time, new data suggests this ceiling is a deliberate liquidity zone engineered by large holders.
At the core of this setup lies a staggering 1.16 billion XRP token supply overhang and a hidden market pipe. While retail investors interpret repeated rejections as weakness at the resistance zone, institutional players are reportedly absorbing sell pressure through ETFs.
On-chain data adds weight to this narrative. In a single day, 34.94 million XRP tokens were withdrawn from exchanges, while the XRP native automated market maker is creating a supply-demand imbalance.
Furthermore, regulatory developments could act as a major catalyst. The United States Senate Banking Committee’s ongoing work on the Clarity Act could become a major turning point for XRP resistance if lawmakers officially classify the asset as a digital commodity. Cheeky Crypto believes that the Goldman Sachs disclosure of a $153.8 million position in spot XRP ETFs marks the beginning of the institutional era for the ledger.
Stablecoin Activity On XRP Ledger Continues Accelerating Rapidly
Multiple bullish signals are aligning for XRP and its broader ecosystem. The CTO and founder of House of Cauliman, Mr. Cauliman, has highlighted that one of the strongest indicators came from exchange flow data showing that more than $115 million worth of XRP was withdrawn from exchanges within 24 hours. These large exchange outflows are often interpreted as a sign that big holders are moving assets into private wallets rather than preparing them for immediate sale.
At the same time, activity surrounding real-world assets on the XRPL is rapidly accelerating. Tokenized assets on XRPL have surged to approximately $3.03 billion, representing a roughly 45% increase over the past 30 days. At the same time, stablecoin adoption is also expanding across the network, with value nearing $498 million, and transfer volume continues to rise.
Furthermore, institutional adoption is also becoming more tangible. In a notable development, Ondo Finance, JPMorgan Kinexys, Mastercard, and Ripple successfully executed a near real-time cross-border redemption of tokenized US Treasuries using XRPL.
Despite whales steadily removing XRP from exchanges, institutions testing real settlement with RWA, and stablecoin activity rapidly expanding, the network continues to operate efficiently. This growing appeal is coming from buyers, but the reason people are paying attention is utility.
