XRP Whales Shift Strategy: Early October Reveals Major Selloff After Accumulation Period

XRP's significant holder cohort has flipped the script. These addresses—holding between 10 million and 100 million XRP—were busy accumulating in September. Now they're selling. Big time.

On-chain data from Santiment shows a clear reversal. Both percentage of supply and total coins held by this group are dropping. XRP's been fighting to stay above $3.20. It's not entirely clear if it can hold. October might be rough for the token.

XRP Whales Begin October With Significant Selling Pressure

These whale wallets went on a shopping spree in late September. We're talking serious money here—each address controls between $32 million and $320 million worth of XRP. Big players.

The numbers tell the story. Santiment's data shows these addresses increased their control from 11.82% of supply on September 15 to 12.33% by month-end. In raw tokens, they jumped from about 7.65 billion to 8.01 billion XRP. Seemed like strong confidence. This helped keep XRP above that $3.20 mark.

Then October hit. Things changed.

Those same whales started dumping. Their holdings fell from 12.33% of supply on October 1 to 11.88% by October 5. That's a drop from 8.01 billion XRP to 7.72 billion. They basically erased September's accumulation in less than a week. Kind of shocking, really.

Santiment's charts make it obvious. The lines go down. Both percentage and absolute holdings dropping in sync. These whales might be taking profits after September's momentum. This selling creates downward pressure. Not great for XRP's price outlook.

Could October Bring Bearish Momentum For XRP?

October's been weird for XRP historically. Some rallies. Some crashes. Mixed bag.

CryptoRank says XRP has actually done okay in recent Octobers. Three of the last four October periods closed positive. So the month isn't automatically bearish.

But this selling feels different.

It's too soon to declare October a disaster for XRP. Yet this early whale selling sets a troubling tone. The signs of weakness are there. XRP keeps bumping its head on that $3.20 ceiling. If these big holders keep selling, the good vibes around XRP might fade fast.

XRP trades at $3.24 now. Down 0.3% in the last day. Not terrible. But those whale movements? Worth watching.