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XRP ‘distribution’ hits record level as the altcoin trades below $3

cryptoweekly by cryptoweekly
March 4, 2025
in bitcoin, News
0

XRP retraced most of its recent “Trump pump” and data shows whales selling their positions.

On March 2, XRP registered a massive rally of 34.15%. The price pump came after US President Donald Trump’s announcement that XRP (XRP) would be included in a US strategic crypto reserve alongside Solana (SOL) and Cardano (ADA).

XRP 1-day chart. Source: Cointelegraph/TradingView

However, the altcoin retraced 50% of its rally on March 3, and one analyst highlighted that XRP whales are potentially making a move behind the scenes.

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  • Bitcoin below $100K now ‘less likely’ as BTC price eyes liquidity at $106K
  • Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M
  • China’s JD.com enters stablecoin race as US passes GENIUS Act
  • Iranian crypto exchange Nobitex reportedly exploited for $73M: ZachXBT
  • Bitcoin, crypto dip as Trump says Iran’s leader an ‘easy target’
  • Agriculture firm AgriFORCE powers 120 crypto miners with natural gas
  • Archetyp dark web market shut down, but ecosystem adapts: TRM Labs

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