XRP faces renewed selling pressure as whale activity spikes, $31 million in positions are liquidated, and Ripple continues its aggressive institutional expansion with a new digital custody acquisition.
- XRP price slipped below $2.30, marking a sharp weekly decline despite positive institutional news from Ripple.
- Over $31 million in XRP positions were liquidated in 24 hours, mostly from long traders.
- On-chain data shows 900,000 XRP sold by whales within five days, signaling short-term distribution.
- Ripple expands its ecosystem by acquiring custody specialist Palisade, reinforcing its institutional infrastructure push.
XRP Faces Renewed Selling Pressure
XRP extended its weekly decline on Tuesday, falling below $2.30 after a wave of liquidations and on-chain outflows from large holders. The token is down more than 14% over the past seven days and currently trades near $2.27, according to CoinMarketCap.
The drop comes despite a string of bullish developments from Ripple and a strong year of corporate acquisitions. Market sentiment remains fragile, with traders cautious amid heavy profit-taking and fading momentum across major altcoins.
According to Coinglass data, over $31.8 million in XRP positions were liquidated in the past 24 hours. Long positions accounted for nearly $27.7 million of that total, suggesting that leveraged buyers were caught off guard by the latest correction.
Whales Take Profits as On-Chain Metrics Turn Bearish
Analyst Ali Martinez reported that 900,000 XRP tokens were sold by whales within just five days, citing Santiment data. The recent selling coincides with declining network activity and weaker technical indicators on the daily chart.
900,000 $XRP sold by whales in just 5 days! pic.twitter.com/28404KMy24
— Ali (@ali_charts) November 3, 2025
The Relative Strength Index (RSI) sits near 45, pointing toward neutral-to-bearish momentum, while the MACD continues to hover below the signal line, reflecting ongoing downside pressure.
XRP’s recent volatility has also triggered liquidations across derivatives platforms, with open interest dropping as traders de-risk their positions. Despite the short-term weakness, some analysts note that long-term fundamentals remain intact given Ripple’s growing institutional footprint.
Institutional Expansion Continues with Palisade Acquisition
While XRP traders grapple with near-term uncertainty, Ripple continues to strengthen its infrastructure for global finance. The company confirmed the acquisition of Palisade, a digital asset custody and wallet technology provider, in its latest move to build a vertically integrated institutional ecosystem.
This follows Ripple’s series of high-value takeovers this year, including the $1.25 billion purchase of prime brokerage Hidden Road, the $200 million acquisition of stablecoin platform Rail, and the $1 billion takeover of GTreasury. Combined, Ripple has invested nearly $4 billion into expanding its digital finance network.
Ripple President Monica Long said the Palisade integration enhances the company’s “bank-grade” security capabilities by introducing advanced multi-party computation (MPC) and flexible API infrastructure for corporate clients. She emphasized that corporates are expected to lead the next wave of crypto adoption, with Ripple aiming to provide a seamless custody-to-payments framework.
RLUSD Reaches $1 Billion Market Cap
Ripple also highlighted a milestone for its U.S. dollar-backed stablecoin, RLUSD, which surpassed a $1 billion market cap just one year after launch. The company described RLUSD as the “#1 trusted and transparent stablecoin for institutions,” designed to operate alongside XRP and Ripple Prime’s treasury infrastructure.
RLUSD: One Year, One Billion
→ $1B+ Market Cap
→ 1:1 USD-backed
→ The #1 trusted and transparent stablecoin for institutionsWith Ripple Prime, GTreasury, and Rail now joining the effort, $RLUSD and $XRP will drive faster, efficient and compliant settlement worldwide. This is… pic.twitter.com/DV1oS5TEY0
— Ripple (@Ripple) November 3, 2025
Ripple stated that the combination of RLUSD and XRP enables faster, compliant, and efficient settlement for banks and corporations worldwide. This aligns with Ripple’s broader goal of building a regulated and scalable framework for digital asset payments.
Market Outlook: Can XRP Recover from Here?
Despite Ripple’s continued expansion and increasing institutional adoption, XRP’s price chart suggests ongoing technical weakness. The RSI remains near the lower range, while the MACD continues to signal negative momentum.
Market analysts warn that if XRP fails to hold support near $2.20, further declines toward $2.00 could follow. However, renewed buying interest from institutional players and potential stabilization in Bitcoin’s price could help the token regain footing later in the week.
At present, XRP holds a market capitalization of $136.5 billion, ranking fourth among all cryptocurrencies, with a 24-hour trading volume of $7.68 billion.
Final Thoughts
While the current correction has rattled short-term traders, Ripple’s expanding network of acquisitions and partnerships reinforces its position as one of the most strategically driven companies in the digital asset space. The company’s efforts to merge custody, stablecoin, and treasury operations under one framework could provide long-term support for XRP’s utility – even as the market digests near-term selling pressure.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/xrp-price-update-token-falls-below-2-30-31m-liquidated-whales-exit-positions/