XRP is facing renewed selling pressure after on-chain data revealed that whales have been on a major selling spree over the past two weeks. In this case, large holders offloaded about 200 million XRP tokens during this period, according to on-chain data from Santiment shared on September 17. XRP whale transaction chart. Source: Santiment The data shows a steady decline in whale holdings, suggesting that major investors are reducing exposure. Historically, such large sell-offs have acted as bearish signals for XRP, often weighing on market confidence and adding downward pressure on prices. Despite the selling, XRP has managed to hold support above $3, a level now seen as a critical threshold for short-term momentum. As of press time, the token was valued at $$3.02, having dropped by about 0.5% in the last 24 hours. XRP seven-day price chart. Source: Finbold A sustained break below $3 could open the door to declines toward $2.70, the next strong support zone. Conversely, if XRP absorbs the selling pressure and demand rebounds, the token could retest resistance around $3.30, with a potential extension to $3.60 if bullish momentum accelerates. Impact of XRP ETF Any price dips from whale selling, however, could be offset by the launch of a spot XRP ETF . In this line, the U.S. is set to welcome its first spot XRP ETF this week as regulators continue opening the door to crypto investment products. Fund issuer REX-Osprey confirmed on Monday that the REX-Osprey XRP ETF will begin trading on Friday, pending no unexpected delays. Structured under the Investment Company Act of 1940, the ETF cleared the Securities Exchange Commission’s 75-day review window without objection, allowing it to launch automatically. Analysts expect the listing to influence XRP’s price, with the token already attracting strong institutional interest through futures-based ETFs, which are nearing $1 billion in assets. Featured image via Shutterstock The post XRP price prediction as whales offload 200 million tokens appeared first on Finbold .