XRP News: Ripple Whales Dump 70M Coins As John Deaton Hints At Price Crash

Rupam Roy
February 1, 2025 Updated June 3, 2025
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Ripple Whale Moves $414M As Analyst Forecasts XRP Price Correction To $1.55

Highlights

  • In the latest XRP news, whales have offloaded 70 million coins sparking market concerns.
  • Pro-XRP lawyer hints at a potential XRP crash after it flips Ethereum.
  • XRP price slips over 3%, reflecting the cautious approach of the market participants.

In the latest XRP news, the large investors, also known as whales, have caught the markets’ attention with their recent trading activity. According to reports, Ripple whales have offloaded a staggering 70 million tokens recently, causing a slump in the asset’s price. In addition, it also comes as pro-XRP lawyer John Deaton recently hinted towards a potential XRP crash ahead.

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XRP News: Ripple Whales Offload 70M Coins

The Ripple whales have stolen the spotlight with recent reports showing a massive dump by large investors. Top market expert Ali Martinez recently highlighted the dump trading strategy of the whales, which has ignited significant discussions in the market.

According to Martinez, XRP whales have offloaded more than 70 million coins over the past few days, dampening the investors’ sentiment. Notably, this also comes in tandem with the recent dip in XRP price, signaling the cautious sentiment of the investors.

XRP news: Ripple whales dump 70 million XRP
Source: Ali Martinez, X
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Pro-XRP lawyer John Deaton Hints At XRP Crash

In a recent Thinking Crypto Podcast, Tony Edward asked pro-XRP lawyer John Deaton if he thinks that XRP ETF will be launched anytime soon. This comes amid soaring ETF applications for a flurry of altcoins this week, including XRP, Litecoin, Dogecoin, and others.

Commenting on that, John Deaton predicted a potential crash for XRP, but not before a significant surge. Deaton cited the success of the Bitcoin Spot ETF, suggesting that Wall Street’s greed will drive demand for other cryptocurrencies, including XRP.

Meanwhile, Deaton believes that XRP, currently the third-largest crypto asset, has a good chance of surpassing Ethereum, potentially reaching $7 or $8 before a downturn.

Deaton’s comments offer a nuanced view of XRP’s future prospects, hinting at a short-term rally before a potential crash. Besides, his comment also echoes the sentiment of other experts, who recently predicted XRP to flip Ethereum ahead.

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XRP Price Dips Amid Despite Bullish Outlooks

XRP price today was down over 3% and traded at $3, with its trading volume falling 7% to $4.3 billion. The crypto has rested between the $2.97 and $3.11 mark over the last 24 hours, signaling the cautious approach of the investors. Besides, XRP Futures Open Interest fell 3%, reflecting the current downturn sentiment in the market.

However, despite that, experts remain optimistic about the future trajectory of the coin. For context, in a recent analysis, top expert Dark Defender predicted a potential XRP rally to $4 as long as it holds above the brief $3.07 support.

Meanwhile, crypto analyst CasiTrades warned that XRP needs to hold above the $2.93 and $3 price levels for the crypto to sustain its bullish momentum. She added that a new low below $2.66 could force a reconsideration of the bullish setup for the crypto.

In addition, it also comes after Ripple CEO Brad Garlinghouse highlighted positive XRP news, which has further fueled market confidence. Having said that, it appears that XRP is poised to hit new highs in the coming days. Despite that, investors remained cautious given the recent XRP whales dump and John Deaton’s hint towards a potential crash ahead.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.