The Enigma Trader
Whale Flows Turn Deeply Negative, XRP Faces Renewed Distribution Pressure
The 90DMA whale flow for XRP has sharply flipped into negative territory, reflecting renewed outflows from large wallets. A comparable pattern unfolded in January–February, when a local price top coincided with sustained whale distribution and a subsequent correction. While the current drawdown is both shorter in duration and less extreme in depth, the directional alignment is noteworthy. Unless we see sustained positive whale flows (>+5M XRP/day), the market may remain structurally weak. At present, there is no sign of consistent accumulation from large holders, a key component for a constructive trend reversal.