Large XRP holders are selling off a significant portion of their holdings, leading to pressure on prices. Despite this, the recent surge in spot XRP ETF filings has ignited renewed optimism, attracting both institutional investors and traders. This delicate balance between selling pressure and growing ETF optimism is at the forefront of the market’s current dynamics. While whales have dumped nearly 200 million XRP in the last 48 hours, the hope for a successful SEC review process with multiple spot ETFs submitted to DTCC is sparking renewed confidence. The market is now closely monitoring both the selling pressure from large holders and the potential influx of institutional capital through these new ETF products. Will this newfound optimism translate into sustained price growth or will continued selling pressure undermine XRP’s progress?